Judge Finds No Standing To Sue For Frozen Funds From Sanctioned Russian Bank

(November 29, 2023, 12:25 PM EST) -- SAN FRANCISCO — A California federal judge granted three American payment processing companies’ motion to dismiss a lawsuit accusing them of violating California’s unfair competition law (UCL) and other laws by retaining more than $645,000 in funds that a woman sought to transfer from a Russian bank that was placed under sanctions after the invasion of Ukraine, finding that she lacks standing and dismissing the claims without leave to amend....