Brazilian Cos. Get OK Of Seizure Order In $48M Award Row
By Sophia Morris (July 17, 2019, 4:40 PM EDT) -- A New York federal judge on Tuesday gave several Brazilian companies permission to secure assets belonging to a U.S.-based billionaire accused of orchestrating a fraudulent transfer aimed at cheating them out of a $48 million arbitral award.
U.S. District Judge P. Kevin Castel signed off on an order allowing CBF Indústria de Gusa and the other plaintiff companies to secure $48.4 million worth of money, property or interest in property belonging to coal magnate Hans J. Mende and the company he allegedly controls, ACMI Holdings.
The Brazilian companies moved in June to confirm the prejudgment attachment order — which was filed...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!