ST. PETERSBURG, September 4 - RAPSI. The St. Petersburg and Leningrad Regional Commercial Court has postponed until September 18 its hearing of Angentro Trading and Investments' lawsuit to recover 2.48 billion rubles ($76.81 million) in losses allegedly caused by a raid on SMARTS, from Sigma Capital Partners, the judge said at the hearing on Tuesday.

The trial has been postponed, as Angentro must provide the court with the necessary documents to hold an expert examination to determine the losses incurred by the plaintiff. The court agreed with the experts proposed by Angentro Trading on Tuesday - the St. Petersburg-based Pro Expert and expert Vadim Markovich.

On September 3, the court refused Sigma Capital's application to leave the lawsuit without consideration based on the Supreme Commercial Court presidium's June 22 ruling on procedural issues connected with the consideration of bankruptcy cases. The bankruptcy procedure was opened at Sigma Capital Partners in October 2011.

Initially, Sigma sued Angentro Trading and Investments, which is controlled by the co-owner of SMARTS, to recover $66 million in debt under a loan agreement and to levy execution on the pledged shares in SMARTS.

Sigma obtained interim relief, including an injunction over the circulation of SMARTS shares.

According to Angentro, it inflicted losses on SMARTS shareholders to the tune of about 2.48 billion rubles, which served as the reason for the counterclaim in this amount.

Angentro believes Sigma's claims were baseless from the outset. It has called the lawsuits and the interim relief effective for over two years a corporate raid on SMARTS.

SMARTS was established in 1991 in Samara. It had 2.504 million subscribers as of January 1.