Francisco Industries, Inc. v. ASR Group International, Inc. New lawsuit under Title III of Helms-Burton between sugar mills.
05/18/2021 | Publications | Cuban Desk
The lawsuit alleges that ASR has engaged in "trafficking" because it knowingly and intentionally profited from the assets once confiscated from the defendant through its business activity
ASR, founded in 1998 as American Sugar Refining Inc., is jointly owned by the cooperative’s 46 growers and West Palm Beach-based Florida Crystals Corp, owned by the Fanjul family of Palm Beach. ASR’s goal was to begin the large-scale refining of their raw sugar.
Today, following a series of acquisitions, the company annually ships more than 4 million tons of sugar packaged under some of the world’s best-known brands to customers in 80 countries. Its revenues are more than $5 billion a year, and it has close to 4,000 employees worldwide.
it's probably better if Francisco takes it back into the court room if they do not like the discounted bargain $B then let the Title III do the math see how that works out for them ...???