WASHINGTON (AP) — Ruling in a case from the Second Circuit Court of Appeals, the U.S. Supreme Court yesterday limited federal judges’ authority to protect plaintiffs in lawsuits by barring defendants from spending or giving away their assets.
The 5-4 ruling said that Southern District Judge John S. Martin Jr., lacked the authority to bar a consortium of Mexican companies from transferring assets while they were being sued by U.S. investors, Grupo Mexicano de Desarrollo v. Alliance Bond Fund, 98-231.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
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]