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#litigants — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #litigants, aggregated by home.social.

  1. A #Venezuelan govt controlled bank in #Miami was embattled in a #shareholder court case with #political implications that challenged directors of the #banking empire connected to the #Maduro regime. A #jury found on June 27 that two directors breached their fiduciary duty of care to the bank and hit them with a fine, but a fraction of the $27 million sought by #litigants. “The jury only awarded damages amounting to less than 3% of what the plaintiffs were seeking—$800,000, instead of the $27 million requested at trial. That’s essentially a slap on the wrist from the jury,” said defense #counsel Evan Stroman, a partner at #DiazReus.

    “Any day where you help prevent an illegal authoritarian regime in #Venezuela from penetrating the United States banking system and hold those accountable for assisting that regime is a good day,” Derek E. León, the #plaintiffs' attorney, said.

    law.com/dailybusinessreview/20