Asset Recovery Watch

ARW-187
Ukrainian Goverment / Ukrvaktsina v. Olden Group, LLC and Interfarm, LLC
Ukraine
Unspecified
United States
Location of Recovery Effort, Asset Location / Alleged Asset Location
2010
Ongoing
Art.17, Art.23
Yes
Private Civil Action
No
N/
Private civil action
Ongoing
Judgment by Court of First Instance
Ongoing
NA (private civil action)

On September 17, 2010, Ukrvaktsina filed a civil suit in Oregon federal court, alleging that "Interfarm and Olden Group conspired to overcharge Ukrvaktsina for millions of dollars in vaccine purchases through acts of fraud, money laundering and other criminal acts." Ukrvaktsins is seeking $26 million in damages. (Source: Ukrvaktsina v. Olden Group, LLC, Case No. 6:10-cv-06297-AA (D. Ore.), Complaint filed September 17, 2010). On June 8, 2011, the US District Court for the District of Oregon issued an Order of Default Judgment for the plaintiff against Olden Group LLC, an Oregon incorporated entity. The Court stated that Olden Group failed to make an appearance or otherwise answer the plaintiff's amended complaint, and orderd Olden Group to pay a principal of $59,785,291.50 and post-judgment interest until principal was paid. (Source: Ukrvaktsina v. Olden Group, LLC, Case No. 6:10-cv-06297-AA (D. Ore.), Default Judgment Against Defendant Olden Group, LLC filed June 9, 2011). On October 30, 2011, the Court dismissed the case against co-defendant Interfarm LLC, holding that the court did not have personal or specific jurisdiction over the Ukrainian company. (Source: Ukrvaktsina v. Olden Group, LLC, Case No. 6:10-cv-06297-AA (D. Ore.), Opinion and Order, and Judgment, both filed on October 30, 2011.)

Unspecified

Government of Ukraine, Ministry of Finance, Main Control and Revision Office; Trout Cacheris PLLC, Akin Gump Strauss Hauer & Feld LLP, Kroll Inc.
Trout Cacheris PLLC, Akin Gump Strauss Hauer & Feld LLP
Trout Cacheris PLLC, Akin Gump Strauss Hauer & Feld LLP, Kroll Inc.
Trout Cacheris PLLC (Attorney Plato Cacheris); Akin Gump Strauss Hauer & Feld LLP (Attorney Mark J. MacDougall); Davis Wright Tremaine LLP (Attorney Kevin H. Kono)
U.S. District Court for the District of Oregon