Dole Food Company, Inc. (DOLE), which went public last week, announced that the United States District Court for the Southern District of Florida has issued an order denying recognition and enforcement of a $97 million Nicaragua judgment against it and another U.S. company.
Dole Food said that the Judge cited separate and independent grounds for non-recognition, and that the Nicaragua trial court did not have jurisdiction over the defendant companies.
Michael Carter, Dole's Executive Vice President and General Counsel, "The Court's ruling indicates that corruption and a total lack of due process is the norm for the Nicaragua judicial system,"
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