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Hogan Lovells to face $500 million UK misconduct claim over PrivatBank shareholder fraud

By Phoebe Seers ( October 25, 2021, 12:38 GMT | Insight) -- Law firm Hogan Lovells has lost an attempt to throw out a $500 million claim brought against it by a former client for failing to secure a freeze order against two former PrivatBank shareholders who, the bank alleges, swindled $2 billion from it. The claim from Ukrainian tycoon Vadim Shulman should go to trial, the London High Court said on Friday.Law firm Hogan Lovells has lost an attempt to throw out a $500 million claim brought against it by a former client for failing to secure a freeze order against two former PrivatBank shareholders who, the bank alleges, swindled $2 billion from it....

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