Venezuelan Importer Lands $31M In Tainted Chinese Milk Row

Law360, New York (April 25, 2013, 5:46 PM EDT) -- A Florida federal judge on Thursday ordered the part-owner of Miami-based Absolute Trading Co. to pay $31.5 million to a state-owned Venezuelan importer that claims the fraudulent transfer of those funds has allowed Absolute to avoid satisfying a $150 million judgment over tainted Chinese milk.

While Absolute has managed to avoid paying the March 2012 award on the grounds that it has no assets whatsoever, U.S. District Judge Ursula Ungaro determined that Bariven SA is entitled to collect $31.5 million in funds that were transferred directly...
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