Treaty Over Pre-WWII German Debt Constitutional: 7th Circ.

Law360, Los Angeles (January 9, 2014, 6:11 PM EST) -- A Seventh Circuit panel on Thursday dismissed the attempts of German World War II bondholders to cash in the bonds, ruling that a treaty requiring the bonds to be validated did not violate the Fifth Amendment.

Circuit Judge Frank H. Easterbrook, writing for a unanimous panel, found that a 1953 U.S. treaty with Germany that required pre-World War II foreign debts to be approved by a validation panel did not deprive the plaintiffs of their property without just compensation. The Tucker Act empowers the Federal Court...
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