The sanctioned Russian oligarchs and owners of Russia’s Alfa Bank, Mikhail Fridman, Petr Aven, and German Khan, have dropped the defamation lawsuit they filed against Levy Firestone Muse LLP clients Fusion GPS and its founder Glenn Simpson in 2017. Levy Firestone Muse attorneys Joshua A. Levy, Rachel Clattenburg, E. Andrew Sharp, and Kevin P. Crenny worked on the case.
Levy Firestone Muse partner Joshua A. Levy commented on the businessmens’ close ties to the Kremlin and Vladimir Putin in a statement, noting that “the oligarch owners of Alfa Bank took issue with the observation that they were close to Russian dictator Vladimir Putin and amassed incredible wealth as a result of that association. Official statements explaining recent economic sanctions imposed on the plaintiffs by the European Union and the UK, we believe, confirmed that truth.”
“We are pleased that the plaintiffs decided to abandon their case after 4.5 years of needless litigation. As we wrote in our recent motion to dismiss: ‘It is now clear as can be that Plaintiffs have been using this case to defend reputations that they do not have,’” Levy wrote.
Read the full story, “Russian oligarchs drop suit against investigative firm Fusion GPS,” at Politico.