The high-stakes international thriller of a suit that threatened to bringthe region’s banks to their knees collapsed in a State Court garnishmenthearing Friday.

After hearing two hours of legal wrangling, Fulton Magistrate Ural Glanville,sitting in Fulton State Court, dismissed a $141.8 billion garnishmentfiled against the Federal Reserve Bank of Atlanta and seven member banks.Granville Gold Trust-Switzerland v. Commissione Del Fullimento, No. 99VX0037505C(Fult. St. filed Feb. 9, 1999).

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]