The Many Challenges Facing Venezuela Bribery Suit: Part 2

By Richard Cooper and Boaz Morag (April 16, 2018, 4:08 PM EDT) -- This is the second part of a two-part article providing an update on the lawsuit filed by the PDVSA US Litigation Trust in federal court in Miami on behalf of Venezuela's state-owned oil company, Petróleos de Venezuela SA, or PDVSA.[1] The lawsuit alleges that the defendants, a group of 44 oil trading companies, banks and individuals, participated in a 14-year scheme to rig bids, underpay on purchases and overcharge on sales, allegedly resulting in billions of dollars of losses to PDVSA....

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