Javier A. Lopez and Evan Stroman of Kozyak Tropin and Throckmorton in Coral Gables have brought a $792 million federal lawsuit against a French investment bank, accusing it of profiting from a Cuban bank that Fidel Castro’s government expropriated from the plaintiffs in the 1960s.
The lawsuit falls under the Helms-Burton Act, enacted in 1996 by President Bill Clinton to allow U.S. citizens to sue over alleged trafficking of confiscated property after the Cuban revolution in 1959. But the statute never went into effect, as Clinton’s successors continually suspended it—until May 2, when President Donald Trump lifted the ban.
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