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Security Interest Prevails Over Money Paid Into Court
Author(s): LeGeyt, David, Mann, David
Date:  December 23 2008
Stone Sapphire Ltd. ("Stone") was a supplier of international goods to Transglobal Communications Ltd. ("Transglobal"), a local distributor to retailers. Stone was owed in excess of $2,000,000 for unpaid invoices from Transglobal and brought an action to recover this amount. Stone obtained judgment. Over $1,500,000 was paid into court so that the judgment enforcement would be temporarily stayed.

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