TPG Wins Dismissal of Russian Tycoon’s $14 Billion Suit (2)

Private equity firm TPG Inc. and Russian state-run Transneft PJSC and Rosatom Corp. won a UK ruling to throw out a $13.8 billion lawsuit from a jailed Russian tycoon over the control of a strategically crucial port operator.

Ziyavudin Magomedov, who was arrested in 2018 for embezzlement and later handed a 19-year prison sentence, sued the firms from jail alleging they were part of a sprawling conspiracy to take control of his assets including the critical commercial port in Vladivostok, which links Russia’s eastern seaboard to Asia.

A London judge ruled Friday that there was no issue to be ...