Judge Kills Suit Seeking $213M On 140-Year-Old Guano Notes

Law360, New York (April 5, 2017, 11:53 PM EDT) -- A New York federal judge has thrown out a lawsuit brought by an Illinois company that purported to be owed upwards of $213 million by Peru for bearer bonds the government apparently issued in 1875 to a company that sold nutrient-rich South American bird excrement to U.S. farmers.

In a little-noticed Mar. 24 decision, U.S. District Judge Deborah Batts ruled that a 2015 suit by an entity known as MMA Consultants 1 Inc. couldn't go forward. The company had argued that it was entitled to $1,000 in gold, plus hefty interest, for each of 14 worm-eaten bond certificates it filed with...

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