(Investing) – HOUSTON – A U.S. federal judge trying to move ahead with an auction of shares in the parent of Venezuela-owned U.S. refiner Citgo Petroleum is dealing with a fresh dispute between creditors after a lowball starting bid was recommended in a reboot of the sale. The complex auction meant to repay 18 creditors for debt defaults and expropriations by
(Investing) – HOUSTON – Lawsuits by three firms seeking to improve their chances of obtaining proceeds in an auction of shares in Citgo Petroleum’s parent can go ahead, a U.S. judge ruled in an order issued on Monday. The decision could reduce the proceeds of any sale, the court officer overseeing the auction in federal court in Delaware had said in
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