Saudi Prince Can't Send Profits Home Yet: Judge

Law360, New York (February 11, 2008, 12:00 AM EST) -- A judge has temporarily barred Saudi Prince Bandar bin Sultan from transferring proceeds from the sale of his U.S. properties. A derivative lawsuit alleging that the board of defense contractor BAE Systems bribed him raises serious questions of law, the judge said last week.

Judge Rosemary M. Collyer of the U.S. District Court for the District of Columbia granted the temporary restraining order on Feb. 5, saying that there was good cause to believe that immediate and irreparable harm would occur if Bandar wasn't enjoined from...
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