Mr. Farhad Azima is extremely pleased to announce that he has settled his case against global law firm Dechert and two of its former partners, Neil Gerrard and David Hughes. In Azima v. Dechert et al, a case pending in the Southern District of New York, Farhad Azima and others allege that multiples defendants, including Dechert, engaged in a multi-year scheme to harm him and his businesses by stealing his data and using it to ruin his reputation. The suit alleges criminal misconduct and has been brought under the civil Racketeer Influenced and Corrupt Organizations Act (“RICO”).
Mr. Azima will now devote his energy and resources to vigorously prosecuting his claims against lead defendant Amir Handjani, who was at the center of the conspiracy alleged in the complaint and was the proxy for Ras al Khaimah (“RAK”), one of the 7 Emirates in the UAE. The case in New York will also continue against the remaining defendants including Nicholas Del Rosso, who received more than $35 million for his role in the conspiracy and oversaw hacking company CyberRoot; Amit Forlit, who is charged with hacking in the United States and is awaiting extradition from the UK to face criminal charges in New York; and Andrew Frank and his New York based company KARV, who, with Mr. Handjani, led the media campaign to destroy Mr. Azima’s reputation.
Mr. Azima has already won a judgment against Ras Al Khaimah in the U.K. for its role in the hacking. Ras Al Khaimah has been ordered by the UK’s High Court of Justice to pay Mr. Azima in excess of $25 million through its investment arm RAKIA. To date, RAK has ignored the court’s orders, and has refused to pay what is owed. The UK court has issued a worldwide order freezing RAKIA’s assets to satisfy its debt to Mr. Azima.
September 19, 2024
A copy of the notice of voluntary dismissal can be found here: https://www.maltinpr.com/wp-content/uploads/2024/09/2024.09.19-Docket-196-Notice-of-Voluntary-Dismissal-re-Dechert-Gerrard-Hughes.pdf
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