Judge OKs Bid Targeting Asset Manager In $9.8B Award Fight

By Caroline Simson (May 15, 2020, 8:39 PM EDT) -- A New York judge has granted Nigeria's petition to subpoena a Manhattan asset manager to aid the country's prosecution of former government officials who allegedly accepted bribes from a British Virgin Islands engineering firm, which later won a $9.8 billion arbitral award against the country.

U.S. District Judge Paul A. Engelmayer signed off on the ex parte petition on Thursday, allowing Nigeria to seek discovery from VR Advisory Services Ltd., which acquired a 25% stake in Process and Industrial Developments Ltd. in 2018, and related entities and individuals.

Nigeria told the court in its May 12 petition that it was trying...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!