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JIMÉNEZ v. PALACIOS

C.A. No. 2019-0490-KSJM.

250 A.3d 814 (2019)

Rodolfo Enrique JIMÉNEZ, Asdrúbal Chavez, Iris Medina, Marcos Rojas, José Alejandro Rojas, and Fernando De Quintal, Plaintiffs/Counterclaim-Defendants, v. Luisa PALACIOS, Edgar Rincón, Fernando Vera, Elio Tortolero, Andrés Padilla, Ángel Olmeta, Javier Troconis, Luis Urdaneta, and Rick Esser, Defendants/Counterclaim-Plaintiffs, and PDV Holding, Inc., CITGO Holding, Inc., and CITGO Petroleum Corporation, Nominal Defendants.

Court of Chancery of Delaware.

Date Decided: August 2, 2019.

Revised: August 12, 2019.

Attorney(s) appearing for the Case

Daniel B. Rath , Rebecca Butcher , Jennifer L. Cree , LANDIS RATH & COBB LLP, Wilmington, Delaware; Quinn Smith , Katherine J. Sanoja , GST LLP, Miami, Florida; Gary J. Shaw , GST LLP, Washington, D.C.; Counsel for Plaintiffs and Counterclaim-Defendants Rodolfo Enrique Jiménez, Asdrúbal Chavez, Iris Medina, Marcos Rojas, José Alejandro Rojas, and Fernando de Quintal.

Kenneth J. Nachbar , Susan W. Waesco , Alexandra M. Cumings , MORRIS, NICHOLS, ARSHT & TUNNELL LLP, Wilmington, Delaware; Michael J. Gottlieb , Samuel Hall , WILLKIE FARR & GALLAGHER LLP, Washington, D.C.; Tariq Mundiya , Martin L. Seidel , Jonathan D. Waisnor , WILLKIE FARR & GALLAGHER LLP, New York, New York; Counsel for Defendants and Counterclaim-Plaintiffs Luisa Palacios, Edgar Rincón, Fernando Vera, Elio Tortolero, Andrés Padilla, Ángel Olmeta, Javier Troconis, Luis Urdaneta, and Rick Esser.

A. Thompson Bayliss , J. Peter Shindel, Jr. , Daniel J. McBride , ABRAMS & BAYLISS LLP, Wilmington, Delaware; José Ignacio Hernández G. , Special Attorney General of Venezuela, Washington, D.C.; Counsel for Amicus Curiae the Bolivarian Republic of Venezuela.

OPINION

In January 2019, after a controversial presidential election, the National Assembly of Venezuela declared the presidency of Nicolás Maduro illegitimate and appointed opposition leader Juan Guaidó as Interim President. In response, the President of the United States officially recognized the Guaidó...

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