Lazare Kaplan International controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2011
RICO allegations against KBC Bank
LKI alleged in a US$1.5 billion RICO complaint that KBC Bank was involved in a conspiracy concerning diamonds and money after a $45 million loan default. KBC disputed the claims, and the US case was dismissed in 2019.
2010
Dispute over disappeared diamonds and insurance coverage
LKI sued Lloyd's of London syndicates and European insurers for $640 million, alleging that insurers breached all-risk property insurance policies after diamonds disappeared.
2009
Trading suspension and missing SEC filings
The company's American Stock Exchange trading was suspended in September 2009, and it had not filed quarterly or annual SEC reports since early 2009.