Judge Dismisses Kazakhstan’s RICO Claims Related To $497M Arbitral Award

Mealey's (April 2, 2019, 1:40 PM EDT) -- WASHINGTON, D.C. — After holding that the Racketeer Influenced and Corrupt Organizations Act could not be used to challenge nonfrivolous litigation, a District of Columbia federal judge on March 30 dismissed causes of action stemming from the Republic of Kazakhstan’s allegations that a $497,685,101 arbitral award was obtained through fraud (Republic of Kazakhstan v. Anatolie Stati, et al., No. 17-2067, D. D.C., 2019 U.S. Dist. LEXIS 54753)....