United States Second Circuit
Export-Import Bank of the U.S. v. Asia Pulp & Paper Co., 09-2254
In an action to collect a $144 million judgment against defendants pursuant to the Federal Debt Collection Procedures Act (FDCPA), the district court's order quashing plaintiff's writs of garnishment is affirmed where an electronic funds transfer (EFT) temporarily in the possession of an intermediary bank in New York may not be garnished under the FDCPA to satisfy judgment debts owed by the originator or intended beneficiary of that EFT.
Appellate Information
- Decided 06/22/2010
- Published 06/22/2010
Judges
- STRAUB, Circuit Judge:, Before STRAUB and WESLEY, Circuit Judges, GARDEPHE, District Judge.
Court
- United States Second Circuit
Counsel
- For Appellant:
- Li Yu, Assistant United States Attorney for the Southern District of New York (Preet Bharara, United States Attorney, and Sarah S. Normand, Assistant United States Attorney, of counsel) New York, NY, for Plaintiff-Appellant., Bruce E. Clark (H. Rodgin Cohen, Michael M. Wiseman, and Laurent S. Wiesel, of counsel) Sullivan & Cromwell LLP, New York, NY, for Amicus Curiae The Clearing House Association L.L. C.
- For Appellees:
- Benjamin P. Deutsche (Kenneth R. Puhala, on the brief) Schnader, Harrison, Segal & Lewis LLP, New York, NY, for Defendants-Appellees.