SberDevices Files 6.64 Billion Ruble Lawsuit Against M.Video

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SberDevices, a company developing and manufacturing smart devices under the brand of Sberbank, has filed a multi-billion ruble claim against the M.Video-Eldorado Group.

The lawsuit from SalutDevices LLC was registered on September 22nd with the Moscow Arbitration Court. The defendant is MVM LLC, a legal entity within the M.Video-Eldorado Group.

The amount claimed is 6.64 billion rubles (approximately $80 million USD at current exchange rates). The nature of the claims and the grounds for the lawsuit have not been disclosed in the arbitration case materials at this time.