A California judge dismissed a Russian bank’s bid to enforce a $30 million judgment against the former co-owner of a chain of Russian stores selling toys and children’s clothing, who is now living under political asylum in the United States.
The court ruled on summary judgment that multinational Alfa-Bank, Russia’s largest bank, failed to properly notify Oleg Yakovlev that he was the subject of a Russian lawsuit and default judgment stemming from a guaranty he signed two years before he left Russia.
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