Replies to post #1305 on Francisco Industries, Inc. (FRAZ)

[LMLYP]

Is the smoking gun the ownership of shares and employment and legal representation? Is this the information ASR claims was obtained illegally?

[deet49]

First, Helms-Burton Reach Settlement Over Property in Cuba

An American family that once owned a vast sugar plantation in Cuba sought more than $160 million from Swiss multinational LafargeHolcim for its use of the property that had been seized in the Cuban revolution.
By Amy Guthrie | May 25, 2021 at 07:19 PM

https://www.law.com/international-edition/2021/05/25/in-a-first-parties-in-helms-burton-case-reach-settlement-over-property-in-cuba/

GO FRAZzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz


AAL, AMZN, BUD, CCL, CO, CVX, FRAZ NCLH, ODP, RCL, SHERF, XOM MA V BNPQF CS TRVG BKNG SCGLF

[deet49]

https://www.wsj.com/articles/lafargeholcim-nears-settlement-over-property-in-cuba-11622067104

David Baron, an attorney at law firm Berliner Corcoran & Rowe LLP who is representing the plaintiffs, declined to comment. Grace Mead, an attorney at Stearns Weaver Miller Weissler Alhadeff & Sitterson PA who represents LafargeHolcim, also declined to comment.

The mediator, Layn Phillips, as well declined to comment, citing confidentiality constraints. Neither would a spokesman for LafargeHolcim comment.

The plaintiffs brought the lawsuit against LafargeHolcim, two of its subsidiaries, and three other entities, seeking up to $810 million in monetary damages, according to the complaint. The plaintiffs said they own 100% of claims to the property, and that those claims were certified by the Foreign Claims Settlement Commission, a quasi-judicial agency within the U.S. Justice Department, which valued the property at more than $11 million in 1969, according to the complaint.

GO FRAZzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz


AAL, AMZN, BUD, CCL, CO, CVX, FRAZ NCLH, ODP, RCL, SHERF, XOM MA V BNPQF CS TRVG BKNG SCGLF