WORLD HOLDINGS, LLC v. FEDERAL REPUBLIC OF GERMANY

Nos. 11-14378, 11-14457 and 11-14461.

701 F.3d 641 (2012)

WORLD HOLDINGS, LLC, a Florida Limited Liability Company, Plaintiff-Appellant, v. FEDERAL REPUBLIC OF GERMANY, a foreign state, Defendant-Appellee. Sovereign Bonds Exchange LLC, Helmut Gaensel, Michael Yohe, James Briant, Conrad Curren, individually by and on behalf of all persons similarly situated, Plaintiffs-Appellants, v. Federal Republic of Germany, Defendant-Appellee. Sovereign Bonds Exchange LLC, Plaintiff-Appellant, v. Federal Republic of Germany, HSH Nordbank AG, Kiel, successor to Landesbank der Provinz Schleswig-Holstein, d.b.a. HSH Nordbank AG New York, WestLB AG, Duesseldorf, successor to Landesbank der Rheinprovinz, Landesbank der Provinz Westfalen and Landesbank fur Westfalen (Girozentrale), d.b.a. WestLB AG New York, Helaba Landesbank Hessen-Thueringen, Frankfurt am Main, d.b.a. Helaba Landesbank Hessen-Thueringen New York, LBBW Landesbank Baden-Wurttemberg, Stuttgart, successors to Landeskreditbank Baden-Wurttemberg, d.b.a. LBBW Niederlassung New York, LBBW New York, Dekabank Deutsche Girozentrale, Norddeutsche Landesbank Girozentrale Hannover, successor to Hannoversche Landeskreditanstalt, d.b.a. Norddeutsche Landesbank Girozentrale New York, Defendants-Appellees, Deutsche Landesbankenzentrale AG, Successor/agent for Landesbank Der Provinz Ostpreussen Hannoversche Landeskreditanstalt, Provinzialbank Pommern, Landesbank der Provinz Schleswig-Holstein, ProvinzialHilfskasse Fur Die Provinz Niederschlesien, Brandenburgische Provinzialbank, Defendant.

United States Court of Appeals, Eleventh Circuit.

November 15, 2012.


Attorney(s) appearing for the Case

Samuel J. Dubbin , Dubbin & Kravetz, LLP, Coral Gables, FL, Michael Elsner , Brian T. Frutig , Vincent I. Parrett , Motley Rice, LLC, Mount Pleasant, SC, Alyssa D. Englund , Roger Frankel , Jonathan P. Guy , Lorraine S. McGowen , Orrick Herrington & Sutcliffe, William Pepper, New York City, Ingrid L. Moll , Motley Rice, LLC, Hartford, CT, Robert J. Pearl , Pearl Law Firm, Naples, FL, James Franklin Lowy , Lowy Royer Law Firm LLC, Tampa, FL, for Plaintiffs-Appellants.

Jeffrey Harris , Walter Elmer Diercks , Max Riederer von Paar , Rubin, Winston, Diercks, Harris & Cooke, LLP, Washington, DC, Gerald J. Houlihan , Houlihan & Partners, PA, Miami, FL, for Defendants-Appellees.

Before DUBINA, Chief Judge, and PRYOR and HILL, Circuit Judges.


PRYOR, Circuit Judge:

In these three consolidated appeals, we must decide issues about the enforceability of German bonds issued during the period between World War I and World War II. The first appeal involves a complaint against the Federal Republic of Germany filed by World Holdings, LLC, for breach of contract regarding its Dawes and Young bonds. The second appeal involves a complaint against Germany filed by Sovereign...

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