Appeals Court Rules in Lazare Kaplan’s Favor

June 24, 2013 – Media Mention
National Jeweler

A recent U.S Court of Appeals ruling in favor of our client, global diamond manufacturer and distributor Lazare Kaplan, is noted in the National Jeweler article "Appeals court rules in Lazare Kaplan's favor." For a number of years Herrick has represented the company in a RICO lawsuit against KBC Bank N.V. and Antwerp Diamond Bank N.V. alleging criminal activity related to the theft of $135 million worth of diamond sales proceeds belonging to Lazare and its affiliates. The National Jeweler article notes that the U.S Court of Appeals for the Second Circuit's ruling vacates the U.S. District Court for the Southern District of New York's earlier ruling that Belgium was a more suitable forum for the litigation. As a result Lazare's case has been remanded to the District Court.