BS&F Represents Bank of New York Mellon in $22.5 Billion Russian Litigation

10.22.2009

BS&F settled a $22.5 billion claim filed by the Russian Federal Customs Service in Russian Court against its client, The Bank of New York Mellon, for $14 million -- less than 1% of claimed damages. The case was the first known attempt by a foreign government to seek recovery under the U.S. RICO law in a foreign court. The case garnered national and international media attention, and the settlement was hailed as an unprecedented legal victory for the Firm's client.

The Am Law Litigation Daily, October 22, 2009
Russia Gives Up on $22.5 Billion Suit Against Bank of New York
http://www.law.com/jsp/tal/digestTAL.jsp?id=1202434860606&Rus...

Fortune, October 22, 2009
Bank of New York caps Russian settlement
http://money.cnn.com/2009/10/22/news/companies/bank_new_york_...

Dow Jones, October 22, 2009
Russian Customs Service Withdraws Lawsuit Vs Bank Of NY Mellon
http://www.nasdaq.com/aspx/stock-market-news-story.aspx?story...

Agence France-Presse, October 22, 2009
Russia, US bank settle 22.5 billion dollar lawsuit
http://news.ph.msn.com/business/article.aspx?cp-documentid=36...

Joint Press Release, October 22, 2009
The Federal Customs Service of The Russian Federation and The Bank of New York Mellon Corporation
http://www.prnewswire.com/news-releases/joint-press-release-o...

The Wall Street Journal, October 22, 2009
Russia Drops $22.5 Billion Suit Against BONY
http://online.wsj.com/article/SB125619950075000879.html?mod=W...

The New York Times DealBook, October 22, 2009
Russia Drops $22.5 Billion Suit vs. Bank of New York
http://dealbook.blogs.nytimes.com/2009/10/22/russia-drops-225...

Associated Press, October 22, 2009
Russia drops $22.5 bln lawsuit against US bank
http://www.google.com/hostednews/ap/article/ALeqM5j0ZmtnYiPn4...

Reuters, October 22, 2009
Russia drops $22.5 bln lawsuit vs U.S. bank
http://www.reuters.com/article/BANKSL/idUSLM55626220091022?sp...

Straits Times, October 22, 2009
Russia, US bank settle lawsuit
http://www.straitstimes.com/Breaking%2BNews/Money/Story/STISt...

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