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Russian Investors Say Bank Bailout Suit Needs To Be Tried

Law360, London (March 13, 2019, 7:46 PM GMT) -- Investors in a Russian bank that was bailed out by Moscow have urged a London court to keep alive their claims of conspiracy and deceit against two businessmen and several companies, saying they have procured "ample material" that proves there are serious issues to be tried in the case.

Nine "VIP clients" of Russian bank PAO Promsvyazbank have filed new documents in support of their demand for a £21.6 million ($28.6 million) damages award against Dmitri Ananyev, his brother Alexei and eight other companies who they say encouraged them to help finance the bank without disclosing its precarious state.

The investors...

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