COLUMBUS, Ohio (AP) — A federal judge has ruled that Ohio is the appropriate forum for an investors' lawsuit seeking to collect $100 million on three-decade-old Venezuelan promissory notes.
U.S. District Court Judge Edmund Sargus says it's more efficient to keep the case in Ohio and that issues involving document translation and witness transportation can be overcome.
At stake is a lawsuit filed by Skye Ventures of Columbus 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 the country itself, especially because so many case documents are located there.
Sargus said in a 21-page ruling late Tuesday that hearing the lawsuit in Ohio would not be unduly burdensome to Venezuela.