Pemex's Racketeering Suit Against Siemens Gets Axed

Law360, New York (July 30, 2013, 7:58 PM EDT) -- A New York federal judge on Tuesday tossed a $1.5 billion racketeering suit accusing Siemens AG of bribing government officials to secure a refinery construction contract as part of a criminal scheme because the conduct occurred outside of the country.

U.S. District Judge Louis Stanton ruled that Mexico's state-owned oil company Petroleos Mexicanos, or Pemex, failed to state a claim because the Racketeer Influenced and Corrupt Organizations Act does not clearly state that it applies outside of U.S. borders.

“The RICO claims here are extraterritorial: they...
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