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Russian businessman lacks standing to claim $300 million yacht, US judge rules

By Samuel Rubenfeld ( March 10, 2025, 21:13 GMT | Insight) -- A federal judge ruled that a Russian businessman lacks standing to claim ownership of a $300 million superyacht the US government had seized in 2022 under claims it belonged to a sanctioned oligarch. In an order issued alongside the decision, the judge entered default judgement of the yacht in the government’s favor.A federal judge ruled that a Russian businessman lacks standing to claim ownership of a $300 million superyacht the US government had seized in 2022 under claims it belonged to a sanctioned oligarch....

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