PDVSA Hacking Suit Dismissal Denied Supreme Court Scrutiny

A litigation trust’s effort to revive its lawsuit over an alleged hacking scheme that targeted Venezuelan state-owned oil company Petróleos de Venezuela SA won’t go before the U.S. Supreme Court, the high court decided Monday.

PDVSA U.S. Litigation Trust sought to challenge the Eleventh Circuit’s ruling that it failed to argue that the lower court improperly decided the trust agreement was “champertous” under New York law. The doctrine bars acquisition of a cause of action by a stranger to the underlying dispute.

The champerty issue was raised in the appellate brief, the trust said in its petition. The petition asked ...