The Freeland File
Aerospace & Defense
Global Market Data
Lucy P. Marcus
David Cay Johnston
The Great Debate
Macro & Markets
Lipper Awards 2012
Personal Finance Video
Cambodia's quixotic former king Sihanouk dies in Beijing
In second debate, Obama faces challenges on key issues
14 Oct 2012
Pakistani schoolgirl shot by Taliban sent to UK for treatment
Satellite burns up following SpaceX rocket glitch
12 Oct 2012
German city battles elusive new-look neo-Nazis
11 Oct 2012
Democrats frustrated by Obama’s ”Big Bird” campaign turn
Biden and Ryan in high-stakes election debate
Jobless claims fall to lowest in four and a half years
MTN confirms U.S. court puts Turkcell suit on hold
Supreme Court justices challenge affirmative action at universities
Wed, Oct 10 2012
Chevron fails to block $18 billion Ecuador judgment
Tue, Oct 9 2012
Supreme Court may narrow law in human rights cases
Mon, Oct 1 2012
Insight: Three lawyers ask U.S. Supreme Court: Why here?
Sun, Sep 30 2012
Supreme Court to address blood testing for drunk driving
Tue, Sep 25 2012
Analysis & Opinion
Do all patent-related malpractice suits belong in federal court?
Are class action lawyers in Arkansas snubbing SCOTUS (and CAFA)?
A man speaks on a mobile phone as he walks past a MTN shop at a shopping mall south of Johannesburg June 6, 2012.
Credit: Reuters/Siphiwe Sibeko
Mon Oct 15, 2012 2:46am EDT
JOHANNESBURG (Reuters) - MTN Group on Monday confirmed that a U.S. court had put on hold the $4.2 billion lawsuit against it by Turkish rival Turkcell, pending a separate Supreme Court decision.
The Supreme Court had heard oral arguments in a high profile case against Royal Dutch Shell this month, a case which may determine whether foreign corporations can be sued in U.S. courts under an 18th century law.
The outcome of that decision is likely to determine whether Turkcell can go ahead with its suit against MTN, which claims the mobile operator used bribes and other underhanded means to obtain its license in Iran, which was originally awarded to Turkcell.
(Reporting by Sherilee Lakmidas; Editing by Jon Herskovitz)
Related Quotes and News
We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Be the first to comment on reuters.com.
Add yours using the box above.
Back to top
New York Legal
Support & Contact
Connect with Reuters
Our Flagship financial information platform incorporating Reuters Insider
An ultra-low latency infrastructure for electronic trading and data distribution
A connected approach to governance, risk and compliance
Our next generation legal research platform
Our global tax workstation
About Thomson Reuters
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.