Yukos Sued By U.S. Investors Over Suspected Nationalization

Law360, New York (October 27, 2005, 12:00 AM EDT) -- Investors in scandal-ridden Yukos Oil Company are taking the offensive against the Russian Federation, accusing the country and its leaders of trying to renationalize the firm without compensation.

Russia, along with its energy minister and natural gas giant Gazprom, is accused of harassing Yukos executives until they resigned and of depriving them of economic gain through illegal tax levies. The suit was filed Monday in the U.S. District Court for the District of Columbia in Washington D.C.

The suit was filed on behalf of U.S. investors...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.