U.S. judge orders Russian-owned company to pay $6 million settlement
The company, Prevezon Holdings Ltd, had previously refused to pay the settlement to the U.S. government.Prevezon, which is owned by Russian businessman Denis Katsyv, argued that the deal did not require it to pay until authorities in the Netherlands released certain assets they had frozen there."Adopting Prevezon's view could result in bizarre consequences, namely delaying Prevezon's payment in perpetuity based on some unspecified release that has yet to occur," U.S. District Judge William Paule
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