US judge authorizes fund to subpoena New York Fed for documents related to Radiant World

Radiant World Corporation logo is seen in this illustration taken, September 13, 2026. REUTERS/Dado Ruvic/Illustration · Reuters

NEW YORK, Oct 6 (Reuters) – A US judge on Tuesday ‌authorized an investment fund that ‌filed a criminal complaint in Switzerland against ​iron ore trader Radiant World to subpoena payments records from the Federal Reserve Bank of New York ‌and the ⁠Clearing House Interbank Payments System.

US District Judge John Cronan ⁠in Manhattan said Mariner Atlantic Multi-Strategy LLC’s requested subpoenas were not ​unduly intrusive ​or burdensome ​because they sought ‌seemingly “easy-to-collect payments records related to specific accounts and a specific timeframe.”

He also said subpoenas were appropriate because it was not otherwise possible for ‌Mariner to obtain ​the records it ​sought, and ​Swiss courts were “receptive” to ‌assistance from their US ​counterparts.

Radiant World ​did not immediately respond to a request for comment outside ​business hours.

(Reporting ‌by Jonathan Stempel in New ​York; Editing by Christopher Cushing ​and Llincoln Feast.)

Source: https://finance.yahoo.com/markets/currencies/articles/us-judge-authorizes-fund-subpoena-233418078.html