Russian Award-Creditor Dismisses RICO Claims Against Defendants In Default

(June 24, 2024, 10:20 AM EDT) -- LOS ANGELES — A Russian award-creditor who has been suing to enforce a London Court of International Arbitration (LCIA) award worth more than $92 million on June 21 voluntarily dismissed his claims for violation of the Racketeer Influenced and Corrupt Organizations Act (RICO) against the remaining defendants against whom default was previously entered, after entering a previous stipulation of dismissal against a Monaco bank and administrator accused of conspiring to shield the award-debtor’s assets from enforcement....