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
A valuation report in the CITGO auction process established that the price of PDV Holding Inc. (PDVH) shares — the owner of CITGO Petroleum Corp. — is USD 18.6 billion, while criticizing the management of… CITGO Auction Exposes Flaws in Valuation Process Favoring Strategic Bidder Alternatives
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 back-and-forth regarding the CITGO auction continues as Black Lion Capital Advisors responds to objections raised by Gold Reserve and Red Tree/Albemarle, deeming them improper. The objections focus on the valuation and the bidding process… Black Lion Capital Accuses Judicial Impropriety in CITGO Auction Disqualification
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 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
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
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
A new bid has emerged in the CITGO auction as Black Lion Capital Advisors formally presents its binding and irrevocable offer to acquire 100% of the shares of CITGO Petroleum Corporation for USD 8 billion… Black Lion Capital Advisors Makes Controversial Bid of USD 8 Billion for CITGO Amidst Ongoing Legal Battles
In the CITGO auction process, dismissed workers from PDVSA filed a motion in the United States District Court for the District of Delaware, demanding that the court-appointed expert, Robert Pincus, answer questionnaires regarding how their… CITGO Auction Under Fire as Fired PDVSA Workers Demand Court Accountability from Judicial Expert
The judicial expert assigned by the Delaware Court to oversee the CITGO auction, Robert B. Pincus, recommended Red Tree Investments as the primary bidder for the purchase of PDV Holding, despite its lowball offer, which… CITGO Auction Controversy: Judicial Expert Recommends Red Tree Investments as Main Bidder Despite Low Offer, Provoking Investor Protests