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In a case involving an electronic funds transfer, the 2nd U.S. Circuit Court of Appeals ruled Wednesday that such funds may be subjected to maritime attachment in the hands of an intermediary bank without violating due process. The court found that the ruling holds "whether or not the initiator of the transfer knew which intermediary bank would be used to effect it."
November 11, 2002 at 12:00 AM
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The original version of this story was published on Law.Com
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