Venezuela

Lack of Jurisdiction Shuts Down Smith Rocke Lawsuit Against Venezuela

February 5, 2014 Venezuela

Diaz Reus & Targ LLP scored a stunning victory in the U.S. District Court for the Southern District of New York last week on behalf of the government of Venezuela, obtaining complete and final dismissal with prejudice of a suit brought by Smith Rocke Ltd., a purported creditor in the Lehman Bros. bankruptcy. The case […]

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Eligio Cedeño v. Castillo | Case Dismissed

January 27, 2012 United States

In New York, NY, the U.S. Court of Appeals affirmed the dismissal of a case against Venezuelan government officials and businessmen accused of violating U.S. RICO statutes. The appellate court determined that the allegations in the complaint, which alleged conduct occurring almost entirely in Venezuela, did not trigger U.S. jurisdiction. The case, Eligio Cedeño v. Castillo, […]

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Banco Latino S.A.C.A. wins jury trial as court enters multi-million dollar judgment against Milagros Cisneros

March 28, 2011 Latin America

Ten years after Banco Latino, S.A.C.A. sued Milagros Cisneros, a member of the prominent Venezuelan family and her now defunct company, Explotaciones Mineras de Venezuela, C.A. (“Exmivenca”), to collect on a multi-million dollar loan, the case ended with a bang.  After three days of a jury trial, Cisneros’ attorneys, Thomas G. Schultz and Bryan T. […]

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Federal Court’s Decision Limits RICO’s Reach Outside U.S

August 26, 2010 Financial Fraud

New York, NY (PRWEB) August 25, 2010 Federal Court’s Decision Limits RICO’s Reach Outside U.S. Yesterday, a federal court in New York dismissed a RICO lawsuit brought by one of Venezuelan President Hugo Chavez’s most vocal critics, Eligio Cedeno. Mr. Cedeno, a fugitive from the Venezuelan justice system who is currently in Miami, Florida, sued […]

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