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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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