United States Foreign Assets Ussr

A Los Angeles federal judge overturned a default judgment won by a Palo Alto businessman against the official Soviet newspaper Izvestia and released $456,000 in Soviet funds frozen to pay the award, it was reported Tuesday. U.S. District Judge David V. Kenyon's clerk confirmed that the judge had issued two orders in the Raphael Gregorian case, but she declined to discuss them. However, United Press International reported late in the day that it had confirmed the contents of the orders.

A Los Angeles federal judge overturned a default judgment won by a Palo Alto businessman against the official Soviet newspaper Izvestia and released $456,000 in Soviet funds frozen to pay the award, it was reported Tuesday. U.S. District Judge David V. Kenyon's clerk confirmed that the judge had issued two orders in the Raphael Gregorian case, but she declined to discuss them. However, United Press International reported late in the day that it had confirmed the contents of the orders.

The Soviet Union's Bank for Foreign Trade may intervene on a limited basis in the case of a Palo Alto businessman who won a $413,000 judgment in his libel suit against the Soviet newspaper Izvestia, a Los Angeles federal judge said Friday. In his ruling, U.S. District Judge David V. Kenyon restricted the bank's arguments to the single issue of who owns $456,413 frozen by Kenyon's order granting judgment to Raphael Gregorian last June.

The Soviet Union's Bank for Foreign Trade may intervene on a limited basis in the case of a Palo Alto businessman who won a $413,000 judgment in his libel suit against the Soviet newspaper Izvestia, a Los Angeles federal judge said Friday. In his ruling, U.S. District Judge David V. Kenyon restricted the bank's arguments to the single issue of who owns $456,413 frozen by Kenyon's order granting judgment to Raphael Gregorian last June.