August 04, 2021
International trading firm Teknik Trading Inc. has hit Citgo Petroleum Corp. with fraudulent inducement and unjust enrichment claims in a Texas federal lawsuit over $11 million in "stranded" goods at two Teknik warehouses, claiming it's lost out on business opportunities because of Citgo's misrepresentations.
June 28, 2021
Citgo Petroleum Corp. filed suit in Texas federal court Friday against international trading firm Teknik Trading Inc. seeking to stop an auction of $11 million in "stranded" goods it says are caught in legal limbo since the federal government froze the assets of Citgo's parent company, Petróleos de Venezuela S.A.