Supreme Court Declines Venezuela Bond Appeal

Law360, New York (January 23, 2012, 12:11 PM EST) -- The U.S. Supreme Court on Monday refused to hear a dispute over $100 million in bonds purportedly issued by a Venezuelan state-owned bank, declining to consider the issue of whether sovereign immunity precluded the lawsuit filed in Ohio.

The high court denied certiorari to the Venezuelan government, which was seeking review of the Sixth Circuit's ruling upholding an Ohio federal judge's ruling for investor group DRFP LLC, which does business as Skye Ventures.

“After 7 1/2 years, we're finally going to address the merits of the...
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