Cisneros family member Milagros Cisneros Fajardo agrees to pay $9.25 million to end suit

by RitaZhao on April 27, 2011

in Diaz Reus News

Daily Business Review, March 30, 2011

After fighting a multimilliondollar judgment for more than a decade, a member of Venezuela’s prominent Cisneros family consented during trial to pay a Venezuelan bank for defaulted loans. Three days into a Miami-Dade Circuit jury trial last week, attorneys for Milagros Cisneros Fajardo agreed she would pay the full $9.25 million amount demanded by Banco Latino.

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