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Reuters

Siemens files lawsuit in Texas against Citgo Petroleum parent

Reuters
Summary
Nutrition label

78% Informative

Siemens Energy seeks to recoup about $200 million from a promissory note defaulted by Venezuela .

Creditors that are part of an auction of Citgo parent's shares in a Delaware court have begun turning to other U.S. courts to enforce their claims.

The dispute between PDVSA and Siemens comes from a transaction under which engineering firm Dresser-Rand Company , acquired by Siemens , was entitled to receive some $166 million .

Gramercy Distressed Opportunity Fund and two related companies have filed similar lawsuits.

VR Score

87

Informative language

93

Neutral language

55

Article tone

formal

Language

English

Language complexity

57

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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no external sources

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