Citgo denies it has entered settlement talks with PDVSA ex-employees

Citgo denies it has entered settlement talks with PDVSA ex-employees – Reuters

The logo of PDVSA’s U.S. unit Citgo Petroleum is seen at a gas station in Stowell, Texas, U.S., June 12, 2018. Jonathan Bachman/Reuters.

Reporting by Swati Verma, Reuters

BENGALURU
EnergiesNet.com 02 20 2024

Citgo Petroleum (PDVSAC.UL) on Monday denied it had entered into settlement conversations with plaintiffs in legal proceedings brought by former employees of its parent firm Petroleos de Venezuela (PDVSA) (PDVSA.UL).

Citgo, a subsidiary of the Venezuelan state-owned oil company, in a statement said it has not engaged in any settlement negotiations or discussions with plaintiffs or their representatives regarding a class action filed last year in the U.S. District Court in Delaware.

“The case is in its early stages, and the court has not issued any rulings regarding the sufficiency of the complaint, whether the case can be maintained as a class action, or the merits of plaintiffs’ claims,” the Houston-based refiner said.

Reporting by Swati Verma in Bengaluru; editing by Jason Neely

reuters.com 02 20 2024

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