As of 2 May 2019, three (3) of the certified claimants have used Title III of the Cuban Liberty and Solidarity Act of 1996 (Libertad Act) to file lawsuits against non-Republic of Cuba government-operated companies and a non-Republic of Cuba government-operated company.
The Plaintiffs rank 9th (Exxon Mobil), 32nd (Havana Dry Docks Corporation) and 196th (Javier Garcia-Bengochea).
LINK To Lawsuits Filed Against Carnival Corporation
Godzilla-sized ExxonMobil gets ready to stomp socialist Cuba like a bug
Mere days after President Trump lifted the waiver on lawsuits by Americans to sue communist Cuba for expropriated assets, Big Oil's Bigfoot, ExxonMobil, was on this case like Godzilla. The Miami Herald reports that it is ready to stomp Cuba:
That's a monster. And it's going to cost Cuba big, if ExxonMobil wins, and ExxonMobil always plays to win, and with some of the world's best attorneys, it usually does win. The Helms-Burton law of 1996 states that U.S. companies who had their property stolen by communists in Cuba are entitled to sue for three times the value of the stolen properties, plus 6% annual interest, which, compounded over 60 years of Castro rule, is a...lot of interest. The company must have had that lawsuit ready for Trump's move, given the speed with which it was executed.
Why do I think this will be a monster for the Castroites? Well, because back when I was reporting news, I wrote an investigative story describing ExxonMobil's response to Venezuela's expropriations. The company fought the Chavistas like the Mobil tiger in the tank — and it eventually won more than a billion in compensation. The company plays for keeps.
Couldn't happen to a nicer bunch of socialist thieves.
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