Libertad Act Lawsuit Against Fanjul Family In Florida For "Trafficking" In Sugar Dismissed By Plaintiff
/Francisco Industries, Inc. v. ASR Group International, Inc. [1:21-cv-21679].
Kozyak Tropin & Throckmorton PA (plaintiff)
Rasco Klock Perez & Nieto, P.L. (defendant)
LINK To Notice Of Voluntary Dismissal (5/27/21)
On 2 May 2021, Summit, New Jersey-based Francisco Sugar Company (OTCPK: FRAZ), the 9th largest Certified Claimant (US$53,389,438.37), filed a Libertad Act Title III lawsuit against West Palm Beach, Florida-based ASR Group International, Inc. (2019 revenues approximately US$500 million) relating to a shipment of sugar from the Republic of Cuba to the United Kingdom. ASR Group International is a part of the commercial holdings of the Fanjul brothers (estimated net worth US$8.2 billion)- Alfonso "Alfy" Fanjul Jr., José "Pepe" Fanjul, Alexander Fanjul, and Andres Fanjul.
The Trump Administration (2021-2021) on 2 May 2019 made operational Title III of the Cuban Liberty and Democratic Solidarity Act of 1996 (known as “Libertad Act”). Title III authorizes lawsuits in United States District Courts against companies and individuals who are using a certified claim or non-certified claim where the owner of the certified claim or non-certified claim has not received compensation from the Republic of Cuba or from a third-party who is using (“trafficking”) the asset.
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