Despite a U.S. Supreme Court decision reaching the opposite result in a similar case, a state judge in Manhattan has ruled that a 10,000-member class can seek to recover $35 million located in New York to satisfy a $2 billion judgment it won in 1996 as compensation for human rights abuses committed by former Philippine President Ferdinand Marcos.
“The Supreme Court’s interpretation of federal procedure, while informative, is not binding on New York courts,” Justice Charles E. Ramos wrote in Swezey v. Merrill Lynch (pdf), 104734/09.
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