Alcoa Can't Escape $1B Bahrain Bribery And RICO Suit

Law360, New York (June 11, 2012, 11:05 PM EDT) -- A Pennsylvania federal judge on Monday refused to toss a Bahraini smelter's racketeering suit seeking $1 billion from aluminum producer Alcoa Inc. and executives accused of bribing government officials in Bahrain and costing the company millions of dollars in contract overpayments.

U.S. District Judge Donetta W. Ambrose rejected three separate motions filed by Alcoa, executive William Rice and prominent Canadian investor Victor Dahdaleh seeking to dismiss state-owned Aluminum Bahrain BSC's suit alleging that Alcoa, the world's third-largest aluminum producer, bribed Bahraini officials over a 15-year period...
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