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Red Tree Investments, LLC v. Petroleos De Venezuela, S.A. et al

  1. February 24, 2023

    Judge Cuts 'Indulgent' Fee Requests In $260M Debt Fight

    A New York judge has ordered Venezuela's state-owned oil company to pay attorney fees to a creditor looking to collect a $260 million debt, although he awarded significantly less than the $3.2 million its counsel had sought, a sum characterized as "indulgent" by a magistrate judge.

  2. March 17, 2022

    PDVSA Looks To Slash Investment Firm's $3.3M Fee Bid

    Venezuela's state-owned oil company urged a New York court to deny the majority of an investment firm's $3.3 million legal fees, saying redundancies and "inexplicable" legal team shake-ups had inflated the firm's costs of winning a $247 million court judgment.

  3. February 07, 2022

    Venezuelan Oil Co. Loses Bid To Stay $246M In Judgments

    A New York federal judge has rejected an effort by Venezuela's state-owned oil company to stay a $246 million judgment won against it by an investment firm, after determining that U.S. sanctions restrictions are "collateral" to the judgments themselves.

  4. February 04, 2022

    Venezuela Oil Co. Creditor Fights Stay Of $246M In Judgments

    An investment firm that scored $246 million against Venezuela's state-owned oil company urged a New York federal judge Friday to deny a request to stay the judgments, saying the company was wrong to claim that U.S. sanctions blocked enforcement of the orders.

  5. January 07, 2022

    Ohio Investment Firm Can't Rush $246M PDVSA Win

    A New York federal judge found no reason to rush enforcement of two judgments against Venezuela's state-owned oil company worth $246 million, citing numerous obstacles still impeding the sale of Petroleos de Venezuela's U.S. asset Citgo.

  6. December 14, 2021

    U.S. Sanctions Barred Payments On $118M Debt, PDVSA Says

    Venezuela's state-owned oil company told a New York federal judge Tuesday that U.S. sanctions complicated its ability to make payments on a $118 million debt and that liability should not be decided based on its recent court loss to another creditor.

  7. March 19, 2021

    Creditor Says Clerical Errors Have Imperiled $118M Suit

    A creditor of Venezuela's state-owned oil company penned a letter to a New York federal judge saying that clerical errors marking its $118 million suit as "terminated" has unfairly stalled it from seizing Citgo shares.

  8. January 15, 2020

    Creditor Can Proceed With $118M Venezuelan Debt Case

    A creditor of Venezuela's state-owned oil company that claims it's owed more than $118 million can proceed with litigation to enforce the debt after a New York federal judge ruled that it wouldn't be fair to keep the case on hold until the country is politically stable.