PDVSA US Litigation Trust v. Lukoil Pan Americas LLC
LAUREN ALVAREZ—On March 3, 2018, a litigation trust for Venezuela’s state-owned oil company, Petróleos de Venezuela, S.A. (“PDVSA”), sued international oil companies Lukoil, Glencore, Trafigura AG, and Vitol, among others, in the United States District Court for the Southern District of Florida for allegedly participating in a conspiracy to bribe Venezuelan officials and corrupt oil company employees in exchange for advance information about crude oil prices. […]