Pernod Loses Appeals Court Ruling in Havana Case

Dear Client: But they're not giving up. Pernod Ricard today lost an appeals court ruling in the ongoing Havana Club saga. Two of the three judges sitting on the US Court of Appeals in Washington agreed with a lower district court ruling that said the US Treasury Office of Foreign Asset Control was correct in blocking Pernod Ricard and Cubaexport from attempting to renew the Havana Club Rum trademark in 2006. Why? Because in 1998 Congress passed a law, known