CORRECTION: Energy Co. Hits Venezuelan Bank With $300M Defamation Suit

Law360, New York (September 14, 2012, 7:33 PM EDT) -- Energy services firm Derwick Associates Corp. hit a prominent Venezuelan bank with a $300 million suit in Florida state court Thursday, claiming the bank is engaged in a vicious Internet smear campaign designed to derail its business.

Derwick claims that Oscar Garcia Mendoza, president and board chairman of Venezolano De Credito, S.A., Banco Universal enlisted bank employees to operate the website, where he and others accused Derwick’s directors of money laundering, extortion and other offenses — allegations the complaint said were read and disseminated by...
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