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Bloomberg
May 5 2011
New York Fed Asks Judge to Dismiss Armenian Group's `Turkish Gold' Lawsuit
By Chris Dolmetsch - May 5, 2011 11:36 PM GMT+0300
The Federal Reserve Bank of New York asked a judge to dismiss a
lawsuit filed by an Armenian group seeking to force the disclosure of
information on gold and other assets allegedly seized by the Turkish
government in 1915.
The nonprofit Center for Armenian Remembrance, based in Glendale,
California, sued the Board of Governors of the Federal Reserve System
and the Federal Reserve Bank of New York in March, saying Armenian
assets called `Turkish gold' were seized during the `Armenian
Holocaust.'
The center's claims are `moot' because the nonprofit group has
`already conducted a thorough examination of defendant's relevant
records' and `has already received and reviewed documents it has
deemed relevant to its requests,' the Federal Reserve Bank of New York
said in its response to the complaint filed today in federal court in
Manhattan.
The bank asked U.S. District Judge Deborah A. Batts to throw out the
center's lawsuit and order the group to pay the bank's legal costs.
The assets, according to the center's lawsuit, totaled about five
million British pounds at the time and were deposited by the Turkish
government in Germany's Reichsbank. They were taken by the U.S. and
other Allied powers at the end of World War I under the Treaty of
Versailles, the center said.
The group said it filed a Freedom of Information Act request with the
Federal Reserve in June. The agency said it couldn't locate any
information and forwarded the request to the Federal Reserve Bank of
New York, which also said it couldn't find any records.
The case is Center for Armenian Remembrance v. Board of Governors of
the Federal Reserve System, 1:11-cv-01483, U.S. District Court,
Southern District of New York (Manhattan.)
http://www.bloomberg.com/news/2011-05-05/new-york-fed-asks-judge-to-dismiss-armenian-group-s-turkish-gold-lawsuit.html
From: A. Papazian
May 5 2011
New York Fed Asks Judge to Dismiss Armenian Group's `Turkish Gold' Lawsuit
By Chris Dolmetsch - May 5, 2011 11:36 PM GMT+0300
The Federal Reserve Bank of New York asked a judge to dismiss a
lawsuit filed by an Armenian group seeking to force the disclosure of
information on gold and other assets allegedly seized by the Turkish
government in 1915.
The nonprofit Center for Armenian Remembrance, based in Glendale,
California, sued the Board of Governors of the Federal Reserve System
and the Federal Reserve Bank of New York in March, saying Armenian
assets called `Turkish gold' were seized during the `Armenian
Holocaust.'
The center's claims are `moot' because the nonprofit group has
`already conducted a thorough examination of defendant's relevant
records' and `has already received and reviewed documents it has
deemed relevant to its requests,' the Federal Reserve Bank of New York
said in its response to the complaint filed today in federal court in
Manhattan.
The bank asked U.S. District Judge Deborah A. Batts to throw out the
center's lawsuit and order the group to pay the bank's legal costs.
The assets, according to the center's lawsuit, totaled about five
million British pounds at the time and were deposited by the Turkish
government in Germany's Reichsbank. They were taken by the U.S. and
other Allied powers at the end of World War I under the Treaty of
Versailles, the center said.
The group said it filed a Freedom of Information Act request with the
Federal Reserve in June. The agency said it couldn't locate any
information and forwarded the request to the Federal Reserve Bank of
New York, which also said it couldn't find any records.
The case is Center for Armenian Remembrance v. Board of Governors of
the Federal Reserve System, 1:11-cv-01483, U.S. District Court,
Southern District of New York (Manhattan.)
http://www.bloomberg.com/news/2011-05-05/new-york-fed-asks-judge-to-dismiss-armenian-group-s-turkish-gold-lawsuit.html
From: A. Papazian