US lifts ban on US lawsuits against foreign firms in Cuba on May 2

The United States on May 2 will lift a ban on U.S. lawsuits against foreign firms doing business in Cuba, Secretary of State Mike Pompeo said on Wednesday.

"Any person or company doing business in Cuba should heed this announcement," Pompeo said at a news conference. The major policy shift could expose U.S., European and Canadian companies to legal action and deal a blow to Cuba's efforts to attract more foreign investment.