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CITGO Petroleum Corporation v. Teknik Trading LLC.
Case Number:
4:21-cv-02086
Court:
Nature of Suit:
Judge:
Firms
Companies
Sectors & Industries:
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August 04, 2021
Trading Co. Says Citgo Misled It In $11M 'Stranded' Goods Suit
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.
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June 28, 2021
Citgo Sues Int'l Trading Co. Over $11M In 'Stranded' Goods
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.