The international thriller of a suit that threatened to bring the Southeast's banks to their knees collapsed in a Georgia state court garnishment hearing last week. The $141.8 billion garnishment filed against the Federal Reserve Bank of Atlanta and seven member banks were dismissed. Granville Gold Trust-Switzerland v. Commissione Del Fullimento damaged relations between the Swiss government and the United States, according to a lawyer who represented the trust in one of the New York cases.
May 11, 1999 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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).
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