The Connecticut Appeals Court sided with defendants Alexander and Caroline Vik, finding that an action brought by Deutsche Bank alleging tortious interference with business expectancy and violation of the Connecticut Unfair Trade Practices Act was barred by the litigation privilege.
According to Deutsche Bank’s complaint, Sebastian Holdings Inc. is a shell company owned and controlled solely by Alexander Vik. In 2008, SHI became indebted to Deutsche Bank, according to the opinion, and has since “employed various tactics to obstruct the plaintiff’s collection efforts.” Although Vik transferred his shares and resigned from SHI’s board of directors, Deutsche Bank alleged that he still controls the company.
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