Sverdlovsk Region Arbitration Court held a preliminary hearing of the claim laid by Bank Severnaya Kazna’s minority shareholder Oksana Shishkina against Bank Severnaya Kazna and Alfa-Bank. The plaintiff insisted on Alfa-Bank making Bank Severnaya Kazna go through with the public buy-out offer. In the end, the court proceedings were postponed until May 14, 2009.

Shishkina feels Alfa-Bank must buy her 1,276,500 shares at the highest price offered to the other stockholders. According to the plaintiff’s claim, Bank Severnaya Kazna must call a BOD meeting and make its recommendations to the shareholders.