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A subsidiary of a corporation already found to be immune from suit cannot claim the same privilege under the Foreign Sovereign Immunity Act of 1976, a federal judge in New York ruled. U.S. District Judge Shira A. Scheindlin, deciding an issue that has split federal circuit courts, said that immunity under the act should only apply to the "first tier" of ownership -- companies that are directly owned by a foreign state.
March 25, 2002 at 12:00 AM
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The original version of this story was published on Law.Com
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