Vitaly Ivanovich Smagin v. Compagnie Monegasque De Banque et al
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June 14, 2024
Russian Businessman's Fight To Enforce $92M Award Ends
A Russian businessman's decade-long fight to enforce a $92 million arbitral award — a dispute that spurred the U.S. Supreme Court to let him forge a new path to enforcing foreign arbitral awards — finally came to an end this week, as the parties inked a settlement on the eve of a racketeering trial.
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June 03, 2024
Some Racketeering Claims In $92M Award Suit Can Proceed
A Monaco bank and a Luxembourg lawyer and trust administrator must face racketeering claims accusing them of helping to hide the fortune of a Russian businessman who's on the hook for a $92 million arbitral award, a California federal judge ruled on Friday.
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April 25, 2024
Incarceration Can't Get Default Nixed In $92M Award Suit
A California federal court has refused to set aside an entry of default against a Russian businessman accused of engaging in a scheme to avoid paying a more than $92 million arbitral award, rejecting his defense that he couldn't respond because he was incarcerated in France.
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March 20, 2024
Russian Exec Argues Jailed Biz Partner Can't Escape Judgment
A Russian businessman has pressed a California federal court not to vacate a default entered against his former business partner as the businessman attempts to collect an award of more than $92 million, saying it "strains credulity" to believe that his ex-partner couldn't answer the litigation while jailed in France.
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January 18, 2024
RICO Suit In $92M Russian Award Feud May Be Trimmed
Seven months after a Russian businessman convinced the U.S. Supreme Court to let him forge a path via U.S. civil racketeering law to try to enforce a $92 million arbitral award, a California federal judge has now teed up significant parts of his lawsuit for the chopping block.
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August 25, 2021
Real Estate Investor Asks 9th Circ. To Revive $92M RICO Suit
Russian real estate investor Vitaly Smagin asked the Ninth Circuit to revive his Racketeer Influenced and Corrupt Organizations Act violation claims against a Monaco bank and related parties, accusing them of conspiring to deny him a $92 million arbitral award.
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December 11, 2020
Monaco Bank Gets Tangled In $92M Russian Award Feud
A former business partner of an alleged real estate fraudster opened a new front Friday in his worldwide bid to enforce a $92 million arbitral award against the former Russian politician, accusing a Monaco-based bank and others of helping to hide the fortune on which the man's "criminal empire" is based.