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Buckley Sandler Achieves Victory for AS Citadele Banka

Buckley Sandler successfully defended AS Citadele Banka (Citadele), a Latvian bank, and its CEO, Guntis Beļavskis, in a matter involving allegations of RICO violations and fraud. The plaintiffs – international real estate developers – alleged in federal district court in the Central District of California that Citadele conspired with a U.S.-based private equity firm to wrongfully foreclose on more than 80 of the plaintiffs’ properties. On the basis of these claims, the plaintiffs sought in excess of $200 million. After several rounds of briefing (on U.S. and Latvian law), the court granted Buckley Sandler’s motion to dismiss without leave to amend. Partner Fredrick Levin led the team with Associate Ali Abugheida, and they were assisted by Partner James Parkinson and Associate Daniel Paluch.

With more than 150 lawyers in Washington, DC, Los Angeles, New York, Chicago, and London, Buckley Sandler LLP offers premier enforcement, litigation, compliance, regulatory, and transactional services to financial services institutions, as well as leading and early stage companies, joint ventures, private equity funds, and individual clients throughout the world. "The best at what they do in the country." (Chambers USA)

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