Judge Leonard P. Stark denied Leroy A. Garrett a set of motions aimed at requesting reconsideration, expedited review, a pre-hearing conference, investigation, increased transparency, and a temporary stay of the CITGO auction. The order was… Court Rejects Leroy Garrett’s Motions for Transparency and Suspension of CITGO Auction Amid Ongoing Legal Battle
A valuation report in the CITGO auction process established that the price of PDV Holding Inc. (PDVH) shares — the owner of CITGO Petroleum Corp. — is USD 18.6 billion, while criticizing the management of… CITGO Auction Exposes Flaws in Valuation Process Favoring Strategic Bidder Alternatives
The CITGO auction data should be made public, according to the parties from Venezuela—PDV Holding Inc. (PDVH) and CITGO Petroleum Corporation—which argue that information should only be kept sealed when there is a compelling justification… CITGO Auction Under Fire for Lack of Transparency as Venezuelan Stakeholders Demand Public Disclosure
The CITGO auction process is full of various situations, including a court motion requesting an investigation into the alleged irregularities committed by the Ad Hoc Board of PDVSA. This action was presented by the victims… Ex-Employees Demand Suspension of CITGO Auction Amid Government and PDVSA Board Corruption Allegations
The back-and-forth regarding the CITGO auction continues as Black Lion Capital Advisors responds to objections raised by Gold Reserve and Red Tree/Albemarle, deeming them improper. The objections focus on the valuation and the bidding process… Black Lion Capital Accuses Judicial Impropriety in CITGO Auction Disqualification
The judicial expert for the CITGO auction, Robert B. Pincus, opposed the emergency request made to the Delaware Court by Red Tree regarding the delivery of legal and expert documents from CITGO and PDVH. Pincus… CITGO Auction: Judicial Expert Disputes Red Tree’s Emergency Request as Court Enforces Necessary Corrections
The CITGO auction continuously makes headlines, particularly with the detailed evaluation of Black Lion Capital‘s offer to acquire 100% of the shares of CITGO owned by PDV Holding (PDVH), highlighted by Albemarle Capital, which warns… Albemarle Capital Accuses Black Lion of Undervaluing CITGO Amid Controversial Auction
The CITGO auction has turned the Delaware Court into a bustling hub where, day by day, the court clerk is inundated with motions, requests, and various claims. Recently, these have included requests to suspend the… CITGO Auction Crisis Unfolds in Delaware Court Amid Allegations of Judicial Misconduct and Workers’ Rights Violations
The CITGO auction process continues to spark controversy, not just due to the complicated nature of the sale but also the political implications and the performance of its key figures, including Robert B. Pincus, the… CITGO Auction Clouded by Robert B. Pincus’s Overbilling, Lack of Transparency, and Conflicts of Interest
Meanwhile, the CITGO Auction seems to be reaching its peak moment in the Delaware Court, as Girard Street Investment Holdings LLC sues the U.S. Department of the Treasury and the Department of State in the… Girard Street Investment Holdings Accuses U.S. Agencies of Transparency Violations in CITGO Auction Case
The CITGO auction, a valuable energy asset of Venezuela on U.S. soil, has sparked significant concern regarding the sovereignty of the nation. Beyond political allegations, who are the real culprits behind the impending transfer of… CITGO Auction Exposes the Perilous Legacy of Venezuelan Leadership and Shared Accountability
In the CITGO auction process, the Venezuelan Parties, namely PDVH, CITGO, PDVSA, and the Bolivarian Republic of Venezuela, objected to the final recommendation made by judicial expert Robert Pincus on July 2, 2025, which they… Venezuelan Parties Demand Rejection of “Grossly Inadequate” CITGO Auction Recommendation Amid Serious Allegations of Process Flaws and Bias
In the CITGO auction process, a group of bondholders from PDVSA 2020 challenges before the Delaware Court the position of PDV Holding Inc. (PDVH) and the Bolivarian Republic of Venezuela, subsidiaries of PDVSA that accuse… CITGO Auction Controversy: PDVSA 2020 Bondholders Defend Against PDVH and Venezuela’s Allegations of Undue Influence
In the CITGO auction process, Crystallex International Corporation expressed its objection to the Delaware Court regarding the court expert Robert B. Pincus responding to the dismissed PDVSA workers about how their rights would be upheld… Crystallex Attempts to Silence Workers’ Rights in CITGO Auction Process Amid Legal Dispute
The CITGO auction process is becoming increasingly complicated due to the ongoing battle between PDVSA and PDVH against the holders of PDVSA 2020 Bonds, whom they accuse of distorting their rights and manipulating decisions in… CITGO Auction Faces Turmoil as PDVSA Accuses 2020 Bondholders of Distorting Rights for Personal Gain