Sberbank and its CEO accused of US corporate raiding
Russia's Sberbank and its CEO, Herman Gref, are among the defendants in a US case regarding Russian corporate raiding against OJSC Pavlovskgranit, one of the largest granite producers in Europe. Sergey Poymanov and Irina Podgornaya of Pavlovskgranit are demanding compensation damages totalling $750m. Court documents state that the defendants wanted to eliminate Pavlovskgranit as a major competitor and seize its assets. The first court hearing is scheduled for 20 April.
WASHINGTON (Sputnik) — Russia's Sberbank and its CEO German Gref are among the defendants in a lawsuit filed in the United States over the case on Russian corporate raiding against OJSC Pavlovskgranit, one of the largest granite producers in Europe, a US court's documents seen by Sputnik revealed.

"This Complaint arises out of a textbook case of Russian corporate raiding against Sergey Poymanov and Irina Podgornaya ("Majority Shareholders") and their company Pavlovskgranit ("P-Granit")… The Defendants wanted both to eliminate P-Granit as a major competitor on the Russian granite market and to seize its assets," the documents said.

Poymanov and Podgornaya, who assigned their claims against the defendants to plaintiff PPF Management LLC law firm, are demanding compensation of damage in the amount of $750 million dollars over seven points of the lawsuit.