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A U.S. judge has ruled that lawsuits filed by three firms seeking to improve their chances of obtaining proceeds from an auction of shares in Citgo Petroleum's parent company can proceed. The judge also rejected a request to block lawsuits from the Gramercy fund, which is involved in the auction process. This decision comes as the bidding process for the parent company of Citgo Petroleum has been reset, potentially increasing competition for Elliott Investment Management's pursuit of the oil refiner.
A US judge reset the bidding process for the parent company of Citgo Petroleum, a move that is poised to create competition for Elliott Investment Management’s pursuit of the oil refiner https://t.co/L3trL7HaoS
Reuters: El juez de la subasta de acciones de Citgo rechaza la petición de bloquear las demandas del fondo Gramercy https://t.co/v95qn2WFe3
A former bankruptcy associate at McCarter & English is suing the firm, claiming it discriminated against him regarding his status as a veteran. 𝗥𝗲𝗮𝗱 𝘁𝗵𝗲 𝘀𝘁𝗼𝗿𝘆 𝗵𝗲𝗿𝗲: https://t.co/CwDeCmQxGM https://t.co/hxqyTiDQny
