BREAKING / THE "WOLVES" ARE BITING BACK AS THE DOJ BALKS ON PROCEEDING WITH 1MDB CASE

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2. RELATED: RED GRANITE OPPOSES DELAY IN DOJ SUITS OVER 1MDB-LINKED ASSETS
3. RELATED: RED GRANITE OPPOSES DOJ'S PROPOSED PAUSE ON 1MDB SUITS

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FEDS FACE RESISTANCE IN BID TO DELAY 1MDB FORFEITURE CASES FOR CRIMINAL INVESTIGATION

Schwartz adds that the government's request is "without precedent" and a violation of his clients' due process rights. 

REPORTED BY THE HOLLYWOOD REPORTER

The financier of Wolf of Wall Street and others whose assets have been tied up as part of a U.S. government crackdown on foreign corruption are slamming a proposed delay in the 1MDB forfeiture cases.

Earlier this month, federal prosecutors explained the need to pause civil litigation. With claims being made on assets including Hollywood films, a catalogue of EMI songs, a Picasso painting once given to Leonardo DiCaprio, real estate in Beverly Hills, London and New York, and more, the feds sought permission to prioritize their ongoing criminal investigation into an alleged conspiracy to launder money misappropriated from a Malaysian public fund.

Prosecutors wrote that a stay is warranted "because proceeding with civil discovery will have an obvious adverse effect on the related criminal investigation.... Any disclosures by the government beyond those in the complaint will reveal details of the underlying investigation to which the potential targets and subjects are not entitled."