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Leonard P. Stark

Leonard P. Stark

U.S. District Judge, District of Delaware

Appears in 1 story

Stories

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

Rule Changes

Overseeing the CITGO parent-company auction and approving the leading bid structure.

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 Dec 20, 2025