Defendants Must Pay $72.5M In Oil Seizure Row Involving Insurrection Clause

(January 2, 2024, 11:47 AM EST) -- NEW YORK — After a New York federal jury found for plaintiff CITGO Petroleum Corp. on three of four issues in a suit stemming from the February 2020 seizure of crude oil at a Venezuelan port and involving a marine cargo reinsurance policy, judgment of $54,235,187.24 plus $18,321,092.02 in prejudgment interest was entered against the defendants....

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