BECKER GLYNN WINS $157,921,020.29 JUDGMENT FOR EUROPEAN CLIENT

A long-term litigation ended favorably when the federal court for the Southern District of New York entered a judgment for a Becker Glynn client in the amount of $157,921,020.29.  The case began when the Swiss client was sued in New York by U.S. citizens for a variety of alleged breaches of contract.  In opposition, Becker Glynn answered the complaint and brought cross-claims against third-parties residing in the U.K. and Lichtenstein, contending that the third-parties were impermissibly using the U.S. courts to further a scheme made illegal by the Racketeer Influenced and Corrupt Organizations Act (“RICO”).  Subsequently, the Firm secured a dismissal of the claims brought against its client and the $157,921,020.29 affirmative award based on the third-parties’ violation of RICO.