In $2 Billion Personal Lawsuit against Grupo Mexico CEO Germán Larrea, Courts Strike Down Larreas Attempt to Share Blame with Grupo Mexico Subsidiary
A Mexican district court and now court of appeals both have rejected attempts by Germán Larrea Mota Velasco, CEO of Grupo Mexico SAB de CV to compel Tucson, Arizona-based Americas Mining Corporation, a GMexico subsidiary, to answer as co-defendant in the longstanding personal breach of contract lawsuit brought by U.K. investment firm Infund LLP. Larrea is the controlling shareholder of GMexico and No. 67 on the Forbes 2014 Worlds Billionaires list.









