Crystallex Corp News Today : Breaking News, Live Updates & Top Stories | Vimarsana

A U.S. judge on Monday granted a large group of Venezuela-linked creditors rights to participate in a January auction of shares in the parent of Houston-based refiner Citgo Petroleum. A precedent-setting lawsuit by Canadian miner Crystallex Corp formally tied Venezuela-owned Citgo to the South American country's debts and opened the door to some $24 billion in claims being applied to the refining firm through an auction of shares in a Citgo parent whose only asset is the oil refiner. The decision still requires the group, formed by 10 companies, to comply with a Jan 12 dateline to have writs of attachments issued against shares in Citgo's parent, PDV Holding.

United statesGary mcwilliamsHuntington ingallsMarianna parragaCitgo petroleumSiemens energyKoch industriesCrystallex corpVenezuela owned citgoSouth americanRusoro miningGold reserveLeonard starkLeonard stark