| Venezuela
Loses Default Judgment on Bonds to Pharo
Gaia Fund So Damages Due Oct 21
By Matthew
Russell Lee, Patreon
BBC
- Guardian
UK - Honduras
- ESPN
SDNY COURTHOUSE,
Oct 11 – The Pharo Gaia Fund
sued Venezuela on eight series
on bonds the country issued in
1997, 2998 and
2001.
On October 7 U.S. District
Court for the Southern
District of New York Judge
Analisa Torres consider an
order to show cause and motion
for default judgment, which
Inner City Press which covers
Venezuela in the SDNY and UN
came upon in the docket and
has been following.
Judge
Torres granted default
judgment and asked by October
21 for a calculation of
additional accrued damages,
and by November 8 for billing
records for an award of fees.
The case is Pharo
Gaia Fund, Ltd. et al. v.
Bolivarian Republic of
Venezuela, 20-cv-8497
(Torres)
***
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