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Reuters

Reuters

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

Reuters
Summary
Nutrition label

78% Informative

Lawsuits by three firms seeking to improve chances of obtaining proceeds in an auction of Citgo Petroleum's parent can go ahead.

Decision could reduce proceeds of any sale, court officer overseeing the auction in federal court in Delaware had said in a motion seeking to block the parallel lawsuits.

Shares in Citgo parent PDV Holding are being auctioned to repay $21 billion in claims for debt defaults.

VR Score

88

Informative language

94

Neutral language

60

Article tone

formal

Language

English

Language complexity

52

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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