Yukos Unit Loses $40M Suit Over Auction Rigging Plot

Law360, London (October 8, 2019, 2:09 PM BST) -- A Yukos subsidiary lost its bid on Tuesday to recoup $40 million from five men accused of rigging a Russian government auction of the defunct oil producer, as a London judge said there was no "smoking gun" to prove that the high-profile finance consortium took part in a conspiracy.

The Kremlin sold oil company Yukos, whose Moscow headquarters is pictured here, in 2006 after its former boss Mikhail Khodorkovsky fell out with Russian President Vladimir Putin. (AP) Michael Burton, sitting as a judge at the High Court, ruled there was no proof of an illegal side-deal between the men and Rosneft to...

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