Split 9th Circuit Panel Upholds Dismissal Denial In In Rem Forfeiture Action

Mealey's (August 26, 2020, 2:06 PM EDT) -- PASADENA, Calif. — In a 2-1 ruling, a Ninth Circuit U.S. Court of Appeals panel on Aug. 24 held that a federal district court did not err in denying a Saudi Arabian oil and gas exploration company CEO's motion to dismiss an in rem civil forfeiture action brought by government prosecutors stemming from the CEO's laundering of proceeds from an embezzlement scheme involving a Malaysian investment company (United States v. Tarek Obaid, No. 18-56657, 9th Cir., 2020 U.S. App. LEXIS 26803)....