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. Last Updated: 07/27/2016

Abramovich-Berezovsky Suit

Roman Abramovich on Wednesday lost a bid to dismiss a British lawsuit brought against him by former business partner Boris Berezovsky over shares of Sibneft.

Justice Anthony Colman refused an application from Abramovich’s lawyers to throw out the $3.5 billion suit. Berezovsky claims in the suit that Abramovich used “threats and intimidation” to force him to sell Sibneft shares at a fraction of their value.

(Bloomberg)