Judge Says Venezuelan Case Okay In Ohio

Oct 25, 2012

A federal judge has ruled Ohio is the appropriate forum for an investors' lawsuit seeking to collect 100 million dollars on three-decade-old Venezuelan promissory notes.

Ed Sargus says it's more efficient to keep the case in Ohio and issues involving document translation and witness transportation can be overcome. Columbus-based Skye Ventures filed suit seeking payment on the notes from a defunct government-sponsored bank in Venezuela. Attorneys for Venezuela argued it made more sense to hear the case in that country, especially because so many case documents are located there.