Home / Business and Economy / US Court Aids Probe into Iron Ore Trader Radiant World
US Court Aids Probe into Iron Ore Trader Radiant World
7 Oct
Summary
- A US court permitted a fund to get documents from the New York Fed.
- The documents are for proceedings in Switzerland against an iron ore trader.
- The case involves trader Radiant World and Mariner Investment Group.
A US court has issued an order permitting a fund managed by Mariner Investment Group to access specific documents. These documents are held by the Federal Reserve Bank of New York and the Clearing House Interbank Payments System. The access is granted for use in Swiss proceedings. The case is against iron ore trader Radiant World.
This decision by Judge John P. Cronan of the US District Court allows the Mariner-managed fund to gather essential information. The legal battle is unfolding in Switzerland, where Radiant World is the defendant. The court's order signifies a significant step in the fund's efforts to obtain documentation relevant to its dispute.
