Family Sues Societe Generale in Florida Over Cuban Business Ties -Reuters
11 July 2019 - 9:09AM
Dow Jones News
--Societe Generale SA (SCGLY) is facing a lawsuit in a Florida
court, brought by relatives of the owner of a bank seized by the
government of Fidel Castro, Reuters reports Wednesday.
--The suit if seeking damages from the French bank, claiming it
circumvented U.S. sanctions against Cuba, the report said.
--The suit said Societe Generale did business with Cuba's
central bank, which seized the family's bank after the Cuban
Revolution, the report said.
--Societe Generale didn't immediately respond for comment, the
report said.
Full story:
https://www.reuters.com/article/us-societe-generale-cuba/societe-generale-sued-for-792-million-by-heirs-of-cuban-bank-seized-by-castro-idUSKCN1U52PD?il=0
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
July 10, 2019 18:54 ET (22:54 GMT)
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