Hedge Fund Seeks To Nix Kazakhstan Fraud Suit Over $506M

Law360 (April 29, 2021, 10:17 PM EDT) -- A hedge fund told a New York federal judge that Kazakhstan's lawsuit accusing it of conspiring with Moldovan oil and gas investors to secure a fraudulent $506.7 million arbitral award should be tossed, saying the Central Asian country is trying to hold the fund liable under English law.

Argentem Creek Partners and its founder and CEO, Daniel Chapman, told the judge in a letter Monday they are requesting a pre-motion conference to file a motion to dismiss against Kazakhstan and a motion to compel arbitration against the country's co-plaintiff, Outrider Management LLC.

The case was transferred out of New York state...

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