Victim's Family Seeks $400M In Cuban Tobacco Assets

Law360, New York (September 2, 2009, 4:40 PM EDT) -- Plaintiffs in a wrongful execution case against the Republic of Cuba are going after the country's blocked assets, namely Cuban tobacco trademarks, to satisfy their $400 million award.

In a notice of removal to federal court Tuesday, impleader defendants Empresa Cubana del Tabaco (Cubatabaco) and Empresa Cubana Exportadora de Alimentos y Productos Varios (Cubaexport) said they were added to the case's list of defendants so that the plaintiffs could sell their trademarks to collect on $400 million in damages against Cuba.

A Florida state court issued...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.