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...

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