RUSSIAN STANDOFF.

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  • Additional Information
    • Subject Terms:
      RUSSIA
    • Subject Terms:
      SHNAIDER, Alex; SHTAIF, Michael
    • Abstract:
      The article reports on the legal battle between Russian-born billionaire Alex Shnaider and professional accountant Michael Shtaif. A high-profile $750 million action against the steel magnate was dismissed by his lawyers as purely frivolous and malicious, accusing Shtaif of conspiring to steal millions of dollars worth of Treasury bills from the billionaire. A background of the lawsuit, which started when Shnaider and Shtaif agreed to invest in undervalued Russian oilfields, is presented.