Brazilian Pension Seeks $66M Tied To Judgment Back Home

Law360 (September 25, 2019, 9:49 PM EDT) -- A Brazilian pension fund asked a New York state court Wednesday to award it more than $66 million it says it's owed under a judgment it secured in the South American country against a home appliance distributor that allegedly defaulted on a line of credit.

The pension fund for Brazil's airport employees, the Instituto Infraero de Seguridade Social, or Infraprev, sued Ricardo and Maria Etchenique, blaming the couple for the purported default on IOUs issued by the appliance distribution company Ricardo founded, Eletrodireto S/A Central de Distribuicao.

"The Defendants personally guaranteed the Eletrodireto Notes as joint and several guarantors, being responsible...

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!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!