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VR Global Partners, L.P. v. Petroleos de Venezuela, S.A. et al
Case Number:
1:23-cv-05604
Court:
Nature of Suit:
Judge:
Firms
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April 09, 2024
Venezuelan Oil Co. Gets $2B Bond Fraud Suit Nixed In NY
A New York federal judge has nixed VR Capital's lawsuit accusing Venezuela's state-owned oil company of fraud in connection with its issuance of some $2 billion in since-defaulted bonds, ruling that the asset manager couldn't prove that PDVSA had never intended to repay the bonds.
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April 03, 2024
NY High Court Ruling Significance Debated In $2B Note Suit
VR Capital and Venezuela's state-owned oil company, Petroleos de Venezuela SA, both told a federal court on Tuesday that a ruling from New York's highest court, which cleared a path for PDVSA to argue that nearly $2 billion in defaulted notes are invalid under its domestic law, benefits their case.
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January 11, 2024
Asset Manager Says PDVSA Can't Escape Fraud Suit
Asset manager VR Capital is urging a New York federal court not to toss its lawsuit accusing Venezuela's state-owned oil company of fraud in connection with its issuance of nearly $2 billion worth of senior secured notes, saying PDVSA can't avoid liability by blaming its prior leadership.
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November 30, 2023
PDVSA Says VR Capital Fraud Suit Must Be Nixed
PDVSA has urged a New York court to toss litigation filed by asset manager VR Capital accusing the Venezuelan state-owned oil company of fraud in connection with its issuance of nearly $2 billion worth of senior secured notes, calling the suit "misguided."
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July 03, 2023
VR Capital Says PDVSA Knew 2020 Bonds Were Void All Along
VR Capital is accusing PDVSA of fraud in a new lawsuit that alleges the Venezuelan state-owned oil company knowingly misrepresented the validity of senior secured notes that were due to mature in 2020, which are currently the subject of an ongoing appeal at New York's highest court.