Yukos dismisses five banks from legal action

New York, Feb. 7 - Yukos Oil Co. said it dismissed without prejudice its legal action against ABN Amro Bank NV, BNP Paribas, Calyon, JP Morgan Chase Bank NA and Dresdner Kleinwort Wasserstein.

The Russian oil company said it was satisfied the banks did not participate in financing what it calls the "illegal sale" by auction of its Yuganskneftegas subsidiary.

The banks also stated they had no intention of participating in the acquisition, Yukos said.

Yukos said it is still seeking damages from parties that were involved in the auction.

Yukos' original temporary restraining order named OOO Gazpromneft, ZAO Intercom, OAO First Venture Co., ABN Amro, BNP Paribas, Calyon, Deutsche Bank AG, JP Morgan and Dresdner Kleinwort Wasserstein.

Yukos' Chapter 11 case number is 04-47742 in the U.S. Bankruptcy Court for the Southern District of Texas.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.