This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

US Court Rules Yulia Tymoshenko's Claims Lack Credibility, Not Founded On Facts

NEW YORK, March 29, 2013 /PRNewswire/ --

Earlier this week, US District Court Judge Kimba Wood dismissed a case in the US initiated by Yulia Tymoshenko with a strong opinion that cited a clear lack of facts to support her claims. In the case, Tymoshenko stated that she was arbitrarily detained and politically persecuted. In addition, she claimed that her persecution was orchestrated by the Yanukovich Administration and funded by Dimitry Firtash.  All of her claims lacked credibility and were dismissed by the Judge.

Tymoshenko's attempt to address her grievances in US courts was a poor choice and the Judge cited her claims as weak and not based on facts or US law. Judge Wood ruled that US Courts should not be used by foreign parties for their own personal purposes and noted that Tymoshenko's attempt to use the court for a public relations stunt meant to bring international pressure on Ukrainian politicians, and her own political purposes was not credible.

In the complaint, Tymoshenko attempted to argue that she was "arbitrarily detained" by the Yanukovich Administration as a result of being sentenced for wreaking havoc on Ukraine's economy by signing malicious gas contracts with Russia.  Her actions resulted in Ukraine paying the highest price for gas in Europe, and destroyed its economy.  

Tymoshenko's claim about being arbitrarily detained had no credibility according to Judge Wood.  In fact, the Judge was very clear that Tymoshenko was aware of her alleged crimes when charged, she was indicted, went through a trial process, had legal representation, and was tried according to the laws in Ukraine. The Judge stated that Tymoshenko's  detention was "not arbitrary detention, but rather a detention (with a legal process)" which Tymoshenko deemed unjustified.

More importantly, the Judge concluded that given the facts of Tymoshenko's trial, "no international norms" were violated in her claim of arbitrary detention, and that the US courts were not the place Tymoshenko should be using for redress of her problems. Tymoshenko had earlier attempted to bring other cases before the US courts - all of which were dismissed for lacking credibility.  

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,776.12 -200.19 -1.11%
S&P 500 2,067.89 -18.35 -0.88%
NASDAQ 4,900.8850 -46.5560 -0.94%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs