PDVSA sign. Shutterstock.com..
"The federal courts are no place for radical litigation like this," said Alex M. Gonzalez of Holland & Knight in Miami, whose client prevailed when U.S. District Judge Darrin P. Gayles awarded sanctions against the plaintiff in a billion-dollar antitrust lawsuit.
March 26, 2019 at 02:18 PM
1 minute read
The original version of this story was published on Daily Business Review
U.S. District Judge Darrin P. Gayles in the Southern District of Florida has granted sanctions against a litigation trust attached to Venezuela’s state-owned oil company, Petróleos de Venezuela — or PDVSA — following a failed lawsuit led by high-powered Boies Schiller Flexner attorneys.
As the court ruled PDVSA U.S. Litigation Trust lacked standing to go after more than 40 international energy trading firms, it’s now on the hook for attorney fees and costs.
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