Energy Execs In $1B Bribery Suit Out Of Judge's Reach
By Jacob Batchelor (April 30, 2015, 6:31 PM EDT) -- A New York federal judge dismissed two energy executives from a former U.S. ambassador's civil lawsuit accusing them of bribing their way into Venezuelan energy construction contracts, finding that he had no power over the foreign duo.
U.S. Judge J. Paul Oetken said Derwick Associates execs Leopoldo Alejandro Betancourt Lopez and Pedro Jose Trebbau Lopez despite owning fancy Midtown Manhattan apartments or banking millions within the city limits weren't really Yanks at all, but Venezuelans not subject to Big Apple jurisdiction.
The former ambassador had alleged Derwick Associates secured approximately $1 billion in Venezuelan energy-sector contracts in 2009 and 2010 alone,...
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