Developer RGI, Investor End $99M Share Sale Fight

Law360, New York (July 23, 2012, 3:52 PM EDT) -- RGI International Ltd. has settled a dispute with investment firm Synergy Classic Ltd. over a $99 million share sale option, following a U.K. court's ruling in RGI's favor in December, the Moscow-focused residential property developer said Monday.

The nonmonetary settlement resolves all outstanding claims between Guernsey-based RGI and British Virgin Islands-based Synergy, which owns about 24 percent of RGI and had alleged that an investment agreement gave it the right to exercise a $99 million option to sell RGI shares.

The deal also puts to bed...
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