RCT WINS REVERSAL IN THE SECOND CIRCUIT
On March 24, 2014, the Second Circuit reversed the trial court’s summary judgment ruling in an interpleader action, United States v. Barry Fischer Law Firm, LLC, et al., holding that the long-standing penal law rule barred Federative Republic of Brazil from asserting rights arising from a Brazilian criminal judgment. RCT represents the Joint Official Liquidators of Trade and Commerce Bank, a claimant in the interpleader action seeking the approximately $7 million in interpleaded funds.
Prior results do not guarantee a similar outcome.