USVI Supreme Court Reinstates BlackRock as Defendant in AAMC Lawsuit
The USVI Supreme Court has reinstated BlackRock, Inc. as a defendant in a lawsuit brought by AAMC against BlackRock and PIMCO, upholding personal jurisdiction over the subsidiaries. The ruling allows the case to proceed under the Virgin Islands CICO statute and business tort claims, with plaintiffs seeking over $18 billion in damages.
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Topics: BlackRock CICO Act corporate litigation jurisdiction legal dispute PIMCO Racketeering Statute