US court to launch 30-day competition for Citgo parent's shares https://t.co/cN5TonZFVM
US court to launch 30-day competition for Citgo parent's shares #oott https://t.co/UBJB0elqZs
ÚLTIMA HORA | Reuters: Tribunal estadounidense lanzará concurso de 30 días para recibir ofertas por las acciones de matriz de Citgo https://t.co/93oSVkuXuL https://t.co/diXjTohyu7
A federal jury in Miami has ordered Expedia Group, Inc. to pay $30 million to Cuban-American businessman Mario Echevarría for bookings made at hotels located on land in Cuba that was confiscated by the Castro regime. This ruling marks the first successful legal action under the Helms-Burton Act, which allows U.S. citizens to seek damages from companies operating on properties expropriated by the Cuban government. The case, which spanned over five years, was handled by Rivero Mestre lawyers, who secured $117.6 million in damages in total claims under this act against travel companies. Separately, a U.S. court announced it will open a 30-day bidding process starting April 28 for the shares of the parent company of Citgo, a Venezuelan state-owned oil company, signaling ongoing legal and financial proceedings involving Cuban and Venezuelan assets.
