High Court Will Address Russian’s RICO Standing In $92M Arbitral Award Row

Mealey's (January 17, 2023, 9:29 AM EST) -- WASHINGTON, D.C. — The U.S. Supreme Court on Jan. 13 granted petitions for writs of certiorari filed by a Russian award-debtor residing in California and a Monaco bank, who sought high court review of a circuit split over foreign plaintiffs’ standing to bring Racketeer Influenced and Corrupt Organizations Act (RICO) claims for harm to “intangible property” after the Ninth Circuit U.S. Court of Appeals approved a Russian citizen’s RICO suit against them for evading enforcement of a $92 million arbitral award....