Venezuela President Nicolas Maduro and opposition leader Juan Guaidó UK High Court Again Favors Venezuelan Opposition in $2B Gold Case
Venezuelan leader Nicolás Maduro, who some label an illegitimate and corrupt dictator, for years has sought the release of 31 tons of bullion held by the Bank of England.
July 29, 2022 at 09:45 AM
3 minute read
Latin America
Arnold & Porter Kaye Scholer has notched another win for the opposition government of Venezuela in the long-running legal battle over nearly $2 billion of the South American country's gold currently under custody of the Bank of England.
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Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
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