Diamonds: The Latest Lazare Legal Drama & More



Lazare Legal Tangles Live On A federal judge has dismissed Lazare Kaplan International’s widely watched lawsuit against Antwerp Diamond Bank—but the New York diamond manufacturer instantly appealed the decision. In the 163-page complaint filed in December 2011, the Diamond Trading Co. sightholder alleged that ­Belgian dealer Erez Daleyot misappropriated the company’s Angolan diamonds and that ADB helped facilitate this misappropriation. ADB denies the charges. In April, ADB filed a motion for the case to be dismissed because it also was being litigated in Belgium. The court agreed. “Belgium is an adequate alternative forum,” Judge Andrew Carter, of the U.S. District Court for the Southern District of New York, ruled Sept. 5. Days later, LKI filed a notice of civil appeal with the U.S. Court of Appeals for the 2nd Circuit. The district court did not address the “
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