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BS&F Represents Bank of New York Mellon in $22 Billion Russian Litigation

Julie Satow
The New York Sun, April 3, 2008

The New York Sun reports that BS&F client Bank of New York Mellon is being sued by the Russian government in Russian court for $22.5 billion.  The case, which arisies out of a money laundering scheme involving two Russian emigres in New York in the 1990s, is the first known attempt by a foreign government to seek recovery under RICO.  The article quotes Jonathan Schiller, co-founder and Managing Partner of the Firm, that the claim "'is completely invalid under U.S. law and would be quickly dismissed by a Russian court. . . .  None of the required key elements of a RICO claim have been alleged, much less established.'"

Related Lawyers: Jonathan D. Schiller, Lee S. Wolosky, Heather King

Related Practices: Litigation, , White-Collar /
Business Crimes

External Link: http://www2.nysun.com/article/74131?page_no=1