The intricacies of the CITGO auction are evident from various angles, one of which involves the U.S. Second Circuit Court of Appeals. Petróleos de Venezuela S.A. (PDVSA) and its subsidiaries have filed a motion to… CITGO Auction Exposes Legal Turmoil as PDVSA Challenges 2020 Bonds Amidst Controversial Sale
A New York court order has temporarily halted the issuance of the final ruling concerning the collateral agreement of shares from PDV Holding Inc., until after the New York court selects the winning bidder for… New York Court Delays Judgment on PDV Holding Collateral Until CITGO Auction Results Are Announced
The request to dismiss the judicial expert in the CITGO auction, presented to the Delaware Court by the parties from Venezuela and Gold Reserve, was not successful, as the presiding judge denied the motions requesting… Delaware Court Upholds Controversial Expert in CITGO Auction Despite Venezuela and Gold Reserve’s Attempts to Disqualify
Venezuela is seeing an increase in lawsuits and payment judgments, including one from Siemens Energy INC., which is seeking to collect USD 200 million from PDV Holding INC., the owner of CITGO Petroleum Corporation, claiming… Siemens Pursues Over $200 Million Debt from Venezuela Amid Numerous Legal Challenges and Accusations of Fraudulent Corporate Practices
Gold Reserve Ltd. expressed its objection to an unsolicited bid in the CITGO auction by an anonymous bidder, stating that it does not meet key proposal requirements, such as a minimum value and the payment… Gold Reserve Condemns Anonymous Bid in CITGO Auction for Failure to Meet Essential Requirements
Leroy Garrett and Petroamigos continue to push for a review of the court decision that excludes them from participating in the CITGO Auction, while also requesting a suspension of any action until their appeal is… Leroy Garrett and Petroamigos Demand Justice Amid Controversial Exclusion from CITGO Auction
The report from court-appointed expert Robert B. Pincus regarding the CITGO auction, submitted to the U.S. District Court for the District of Delaware, covering the period from March 1 to June 30, 2025, outlines a… CITGO Auction Report Reveals Over USD 12 Million in Controversial Expenses Amid Ongoing Legal Battles
The judicial expert for the CITGO auction, Robert B. Pincus, opposed the emergency request made to the Delaware Court by Red Tree regarding the delivery of legal and expert documents from CITGO and PDVH. Pincus… CITGO Auction: Judicial Expert Disputes Red Tree’s Emergency Request as Court Enforces Necessary Corrections
The CITGO auction continuously makes headlines, particularly with the detailed evaluation of Black Lion Capital‘s offer to acquire 100% of the shares of CITGO owned by PDV Holding (PDVH), highlighted by Albemarle Capital, which warns… Albemarle Capital Accuses Black Lion of Undervaluing CITGO Amid Controversial Auction
The CITGO auction has turned the Delaware Court into a bustling hub where, day by day, the court clerk is inundated with motions, requests, and various claims. Recently, these have included requests to suspend the… CITGO Auction Crisis Unfolds in Delaware Court Amid Allegations of Judicial Misconduct and Workers’ Rights Violations
In the CITGO auction process, the Venezuelan Parties, namely PDVH, CITGO, PDVSA, and the Bolivarian Republic of Venezuela, objected to the final recommendation made by judicial expert Robert Pincus on July 2, 2025, which they… Venezuelan Parties Demand Rejection of “Grossly Inadequate” CITGO Auction Recommendation Amid Serious Allegations of Process Flaws and Bias
The CITGO auction process is becoming increasingly complicated due to the ongoing battle between PDVSA and PDVH against the holders of PDVSA 2020 Bonds, whom they accuse of distorting their rights and manipulating decisions in… CITGO Auction Faces Turmoil as PDVSA Accuses 2020 Bondholders of Distorting Rights for Personal Gain
The Cartel of Suns, Nicolás Maduro and Tareck El Aissami have added a new lawsuit to the collection of accusations they face in various U.S. courts. This one is for narcoterrorism and involves a civil… Nicolás Maduro and Tareck El Aissami Face New Civil Suit for Narcoterrorism Ties in Alabama Court
In the CITGO auction process, laid-off workers from PDVSA are seeking explanations from judicial expert Robert Pincus regarding how the rights of these dismissed workers will be addressed during the sale. United under the Non-Governmental… Petroamigos Demand Answers on Treatment of PDVSA Workers’ Rights Amid CITGO Auction Controversy
In addition to facing a barrage of lawsuits for unpaid debts from the Republic and its parent company PDVSA, CITGO is also contending with accusations of discrimination and violations of the Americans with Disabilities Act.… CITGO Faces Discrimination Lawsuit and Labor Law Violations Amid Financial Struggles with Venezuela and PDVSA