July 29, 2019 / 2:02 PM / 21 days ago

Venezuela loses appeal over Crystallex attachment of assets

July 29 (Reuters) - A U.S. federal appeals court on Monday rejected an appeal by Venezuela’s state-owned oil company to set aside an order allowing Canadian gold mining company Crystallex International Corp to attach assets to help satisfy a $1.4 billion judgment.

The 3rd U.S. Circuit Court of Appeals in Philadelphia said a lower court acted within its discretion to attach Petroleos de Venezuela’s shares of its U.S. unit, which owns Citgo Petroleum Corp. (Reporting by Jonathan Stempel in New York Editing by Paul Simao)

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