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De Beers Settlement Case to be Reheard

Aug 30, 2010 7:40 AM   By Jeff Miller
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RAPAPORT... The Diamond Manufacturers & Importers Association of America (DMIA), through its attorneys Boni & Zack, Kohn and Swift & Graf and Ben Kinzler, its general counsel, filed an amicus brief on behalf of its membership in the case commonly referred to as the $250 million De Beers settlement case.

After the brief was filed, the Third Circuit Court entered an order permitting the DMIA to participate as an amicus. Upon its receipt of the filing, the court vacated the original opinion that disapproved the settlement with De Beers and set the matter for rehearing en banc before all 15 judges of the court.

Ronald J. Friedman, DMIA's president, said, "The DMIA's agreeing to participate as an amicus helped to bring about this result. We felt it was in the best interests of our membership to get the De Beers settlement and distribution of the funds back on track and we are very pleased that the court has so quickly granted the rehearing."

LH

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