Julius Baer Dismisses U.S. Lawsuit After Court Reverses TRO Against Website Displaying Cayman Bank Information

On February 15, 2008, Judge Jeffrey S. White, of the U.S. District Court for the Northern District of California, issued a temporary restraining order (TRO), closing the website Wikileaks. Wikileaks displays copies of documents that allegedly show offshore tax evasion and money laundering by bank clients. However, on March 5, 2008, Bank Julius Baer & Co. Ltd (BJB) filed a motion of voluntary dismissal, effectively ending the case after White on February 29, 2008 ruled from the bench reversing the TRO due to First Amendment concerns...[more]