A federal judge in the United States approved a significant step in the legal battle for CITGO Petroleum, Venezuela’s most valuable foreign asset, on Tuesday, November 25. Judge Leonard P. Stark of the Delaware District… Federal Judge Greenlights Elliott’s $5.9 Billion Takeover Bid for PDV Holding in Controversial CITGO Battle
Gold Reserve Raises Serious Allegations of Corruption in CITGO Auction The Canadian miner Gold Reserve (GRZ.V) has filed a formal complaint in a federal court in Delaware (USA) on Monday, asserting that advisors involved in… Gold Reserve Exposes $170 Million Shadow Payments in CITGO Auction Raising Serious Conflict of Interest Concerns in Delaware
Former PDVSA employees, represented by attorney Leroy Garrett, have requested the Delaware Court to intervene in the CITGO auction. This request is based on Federal Rule of Civil Procedure 24. The 23,000 victims of what… Ex-PDVSA Workers Demand Court Intervention in CITGO Auction Amid Corruption Allegations
The CITGO auction data should be made public, according to the parties from Venezuela—PDV Holding Inc. (PDVH) and CITGO Petroleum Corporation—which argue that information should only be kept sealed when there is a compelling justification… CITGO Auction Under Fire for Lack of Transparency as Venezuelan Stakeholders Demand Public Disclosure
The CITGO auction process continues to spark controversy, not just due to the complicated nature of the sale but also the political implications and the performance of its key figures, including Robert B. Pincus, the… CITGO Auction Clouded by Robert B. Pincus’s Overbilling, Lack of Transparency, and Conflicts of Interest