MOSCOW, June 27 - RAPSI. The Moscow District Federal Commercial Court has upheld the dismissal of Yevgeny Grafeyev’s lawsuit against MTS mobile services provider to recover 10 million euros in moral damages.
The court has rejected the appeal against the lower courts’ judgment.
On August 17, 2001, Grafeyev sold his 1,250 privileged and 250 ordinary shares in Mobilnye Sistemy Svyazi (Mobile Communication Systems) to MTS for 4.668 million rubles ($157,500), reads the statement of claim.
Grafeyev sought to terminate the transaction, have the shares returned and receive moral damages.
Grafeyev alleged that MTS threatened, blackmailed and forced him into signing the purchase and sale contract, which resulted in a 21 million euro loss for him.
MTS argued that it acted in good faith and had documents to prove its case.
The Moscow Commercial Court turned down Grafeyev's claim in November 2011. The court ruled that the plaintiff failed to prove any threats or coercion on behalf of the defendant.