After churning through more than 12 years of litigation, three law firms, at least five dismissals and who knows how much cash, Norex Petroleum Ltd. finally caught a break on Thursday in its billion-dollar brawl with a gaggle of oil companies and Russian oligarchs.
Handing a big win to Barry Ostrager of Simpson Thacher & Bartlett, the New York Court of Appeals reinstated state law claims of tortious interference and unjust enrichment that Norex brought against BP plc, TNK-BP, Alfa Group Consortium, Len Blavatnik, Viktor Vekselberg and related entities. The decision clears up what the court described as a catch-22 involving three New York statutes that had crippled the case.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
