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CROESUS EMTR MASTER FUND v. FEDERATIVE REPUBLIC

No. CIV.A. 00-3032(JDB).

212 F.Supp.2d 30 (2002)

CROESUS EMTR MASTER FUND L.P., Polaris Prime Emerging Values Fund L.P., and Select Capital Limited, Plaintiffs, v. The FEDERATIVE REPUBLIC OF BRAZIL, Defendant.

United States District Court, District of Columbia.

July 30, 2002.

Attorney(s) appearing for the Case

Andrew Neill Vollmer, Wilmer, Cutler & Pickering, Washington, DC, for Plaintiffs.

Alexander E. Bennet, Eli Whitney Debevoise, II, Mara V.J. Senn, Arnold & Porter, Washington, DC, for Defendant.

MEMORANDUM OPINION

BATES, District Judge.

Three hedge funds bring this case against the Federative Republic of Brazil ("Brazil") for failure to pay the principal and interest on Brazilian bonds they currently hold. Presently before the Court is Brazil's motion to dismiss. For the reasons stated below, the motion is granted.

FACTUAL AND PROCEDURAL BACKGROUND

Plaintiffs Croesus EMTR Master Fund L.P. ("Croesus"), Polaris Prime Emerging...

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