A Manhattan Commercial Division judge refused to dismiss a $2 billion lawsuit pitting one Russian billionaire against two others in a dispute over Russian oil and gas interests.
Justice Saliann Scarpulla said the statute of frauds, which bars enforcement of an oral contract if it is incapable of being performed within a year, did not preclude claims by plaintiff Leonid Lebedev that defendants Leonard Blavatnik and Victor Vekselberg breached an oral agreement into which they entered in 2001.
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