Langbar wins action for damages against former chief executive involving fraudulent misrepresentation
Clients Langbar International Limited
Jones Day successfully represented Langbar International Limited ("Langbar") in its action for damages in excess of €12m ($15.4 million) against its former chief executive, Mariusz Rybak, following the discovery that Mr. Rybak had fraudulently misrepresented the value of his Monaco apartment during the settlement of the original fraud proceedings commenced against him by Langbar in 2006. Following its successful defense in the summer of 2009 of the Rybaks' application for summary judgment, on applications at trial in July 2010 Langbar obtained strike out of the Rybaks' claims and defense to counterclaims, summary judgment on its claim for fraudulent misrepresentation and freezing injunctions and passport delivery up orders in support of that judgment. This is the second successful claim against the Rybaks and recoveries now total in the region of £35 million ($53 million).
Mariusz Rybak and others v. Langbar International Limited, Claim Number HC09C00581