
Judge in Citgo share auction rejects bid to block Gramercy fund lawsuits
(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