Citgo Parent Allowed by Judge to Reissue Stock Certificate.

A judge in Delaware has ruled that the US parent company of Citgo Petroleum Corp. can post a $10,000 bond to reissue a missing stock certificate, which is necessary for the company's sale. The judge determined that the official stock certificate covering 1,000 shares of Citgo's US parent was lost or destroyed, and that the Venezuelan state oil company, Petroleos de Venezuela SA, did not have to pay a bond worth billions to cover the reissuance. The auction of Citgo could raise $14 billion to cover arbitration awards against Venezuela and other claims resulting from nationalizations initiated by former President Hugo Chavez. [Extracted from the article]