Norex Sues Russian Billionaires Over Oil Co. Takeover

Law360, New York (March 8, 2011, 9:23 PM EST) -- Norex Petroleum Ltd. launched a suit in New York on Monday accusing two Russian billionaires, BP PLC and others of orchestrating an illegal takeover designed to strip Norex of its $500 million controlling interest in Russian oil company ZAO Yugraneft Corp.

Billionaires Leonard Blavatnik and Viktor Vekselberg along with several other defendants took part in a scheme carried out in 2001 to improperly take control of Yugraneft by corrupting Russian court proceedings and sending private militiamen armed with kalashnikovs to storm the company's offices and production...
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