Million

Landmark Decision: Citgo Wins $49 Million in Insurance Dispute over Confiscated Venezuelan Oil

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Houston, Texas – A US jury recently awarded Citgo $49 million in an insurance dispute over Venezuelan oil that was seized by the government. The ruling comes as a significant victory for the oil company, providing some relief in the ongoing legal battle. The dispute began in 2017 when Citgo’s parent company, PDVSA, used the oil as collateral for a loan from Russian bank Rosneft. However, the US government imposed sanctions on Venezuela, effectively blocking the transfer of the oil, which was stored in Curacao at the time. As a result, Citgo turned to its … Read more

Lloyd’s Underwriters Ordered to Pay Citgo Over $49 Million for Lost Oil Cargo Amid Political Turmoil in Venezuela

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NEW YORK – Lloyd’s underwriters and other insurers have been ordered to pay Citgo Petroleum Corp. more than $49 million to compensate for the loss of oil cargo during political unrest in Venezuela. The decision was made by a federal jury in New York. The dispute arose from the theft of oil cargo from a Citgo facility in Venezuela during a period of political turmoil in the country. Citgo argued that the insurers were liable under its policy for the lost cargo. The insurers, however, contended that the theft was not covered by the policy. … Read more

Philadelphia Surgeon Wins $15 Million Verdict in Landmark Case Against Thomas Jefferson University Hospital for Gender Bias

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PHILADELPHIA – A Philadelphia federal jury has decided to award $15 million to a surgeon who alleged that Thomas Jefferson University Hospital showcased biased behavior against men during their investigation into accusations of sexual assault against a medical resident. The jury’s decision aims to address concerns of anti-male bias within the healthcare industry. The surgeon filed a lawsuit against Thomas Jefferson University Hospital, claiming that the hospital mishandled the investigation into the alleged sexual assault. The surgeon argued that the hospital’s actions were driven by bias, leading to a flawed investigation process. The jury’s ruling … Read more

Federal Jury Finds Rudy Giuliani Liable in Civil Defamation Case, Awards Election Workers $148.17 Million for False Claims

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Atlanta, Georgia – former Mayor of New York City, Rudy Giuliani, has been found liable in a civil defamation case brought against him by election workers Ruby Freeman and Wandrea “Shaye” Moss. The federal jury, presided over by U.S. District Judge Beryl Howell, awarded Freeman and Moss a total of $148.17 million in damages after four days of trial testimony. The case focused on false claims made by Giuliani about the two women in relation to the 2020 presidential election. The plaintiffs initially sought a minimum of $24 million each for Giuliani’s defamatory statements accusing … Read more