Judge Sacks Part Of Yukos Lawsuit

Law360, New York (March 30, 2006, 12:00 AM EST) -- As the contentious Yukos bankruptcy case continues to unfold in Russia, a U.S. judge has partially dismissed a long-standing shareholder securities lawsuit against the oil giant, citing a lack of jurisdiction.

On Thursday, U.S. District Judge William Pauley of New York tossed out several claims brought against Menatep Ltd., a company once controlled by former Yukos chief executive Mikhail Khodorkovsky, while allowing a slew of others to proceed.

The claims were part of a 2004 class action lawsuit filed in U.S. District Court in New York,...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.