Russian oil and gas giant Gazprom successfully defended a $1.37 billion claim lodged by a US oil company.
Moncrief Oil International dropped a $1.37 billion lawsuit against Russian oil and gas giant Gazprom after a key piece of evidence, produced by the US company, turned out to be fake, Bloomberg reports.
The case was dismissed with prejudice against Moncrief on Monday, ending years long litigation, according to Baker Botts, a Houston-based law firm representing the Russian company.
Moncrief Oil International sued Gazprom for backing out of a joint venture to develop a natural gas field in Siberia, also accusing the Russian company of using stolen trade secrets. However, the Texas-based company managed to produce only one document supporting its claim.
Known as Trial Exhbit 1, the document allegedly dated to 2004. But a simple Google search by Baker Botts attorneys revealed that an image used in the document was created almost a decade later, in 2012.
Complete story at - Fake Evidence Forces US Company to Drop $1.37 Bln Lawsuit Against Gazprom / Sputnik International
Moncrief Oil International dropped a $1.37 billion lawsuit against Russian oil and gas giant Gazprom after a key piece of evidence, produced by the US company, turned out to be fake, Bloomberg reports.
The case was dismissed with prejudice against Moncrief on Monday, ending years long litigation, according to Baker Botts, a Houston-based law firm representing the Russian company.
Moncrief Oil International sued Gazprom for backing out of a joint venture to develop a natural gas field in Siberia, also accusing the Russian company of using stolen trade secrets. However, the Texas-based company managed to produce only one document supporting its claim.
Known as Trial Exhbit 1, the document allegedly dated to 2004. But a simple Google search by Baker Botts attorneys revealed that an image used in the document was created almost a decade later, in 2012.
Complete story at - Fake Evidence Forces US Company to Drop $1.37 Bln Lawsuit Against Gazprom / Sputnik International
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