An employee at the newspaper said no one was available to comment, and the paper's New York correspondent couldn't be reached. A person familiar with the bank's position said it hadn't made any comment about Ms. Kagalovsky to that newspaper. Ms. Kagalovsky's Russian lawyer, Genri Reznik, said she had standing to sue in Russia because the bank has substantial assets there, some of which could be seized if the bank declined to comply with any court judgment. Her U.S. attorney, Mr. Arkin, added that the suit was filed in Russia because her reputation was severely damaged there. Moscow mayor Yuri Luzhkov recently won a case against a television journalist over unsubstantiated allegations of offshore bank accounts and secret payments from a Swiss construction company.
Most courts award even less.
Inc. All Rights Reserved.