Advanced Search

De Beers Settlement Case to be Reheard

Aug 30, 2010 7:40 AM   By Jeff Miller
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share

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."


Tags: Jeff Miller
Similar Articles
Gateway of IndiaIndia Cracks Down on Rough Shipments
May 26, 2019
India’s diamond trade is in a fight with authorities over stricter customs enforcement for rough that could
National Bank of Fujairah Antwerp launch April 201Dubai’s NBF Enters Antwerp Lending Market
Apr 07, 2019
The National Bank of Fujairah (NBF) has launched a representative office in Antwerp as it looks to expand its business
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2019 by Martin Rapaport. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are TradeMarks of Martin Rapaport.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.