Brazilian Oil Rig Creditors Cleared Of Asset Draining Claims

By Jonathan Romeo · February 7, 2024, 9:25 PM EST

A New York bankruptcy judge has dismissed two lawsuits worth $465 Million against U.S. and international banks accused of exploiting a complex sale-leaseback deal that purportedly drained the assets of the...

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Case Information

Case Title

AJ Ruiz Consultoria Empresarial S.A. v. Banco Bilbao Vizcaya Argentaria, S.A. et al

Case Number

1:21-cv-06018

Court

New York Southern

Nature of Suit

Personal Property: Other

Date Filed

July 13, 2021