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Katherine Polk Failla

Katherine Polk Failla

Judge of the United States District Court for the Southern District of New York

Appears in 2 stories

Born: 1969 (age 56 years), Edison, NJ
Office: Judge of the United States District Court for the Southern District of New York
Education: Harvard Law School and William & Mary

Stories

The sanctions switch flips: PDVSA 2020 bond trades reopen, and CITGO’s collateral lock starts to loosen

Rule Changes

Upheld PDVSA 2020 bonds’ validity under Venezuelan law on remand.

CITGO has been the prize everyone can see, but almost nobody can touch. For years, a single U.S. sanctions lever has decided whether the PDVSA 2020 bond's "CITGO shares" collateral is a real hammer—or just a threat on paper.

Updated Yesterday

Supreme Court reviews Haiti and Syria TPS terminations

Rule Changes

Blocked Syria TPS termination in November 2025

Haitians have lived legally in the United States under a federal humanitarian program since the 2010 earthquake. Syrians have used the same program since their civil war began. On April 29, 2026, the Supreme Court spent 80 minutes considering whether the Trump administration can revoke those protections — and whether any court can second-guess the decision.

Updated Apr 29