BAILEY GIVES UP CLAIM TO STOCK IN FIGHT WITH U.S. GOVERNMENT.Byline: The New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Times F. Lee Bailey on Friday unexpectedly ended his battle with the federal government by giving up his claim to millions of dollars in stock that once belonged to a drug smuggler he represented. The celebrated defense lawyer relinquished re·lin·quish tr.v. re·lin·quished, re·lin·quish·ing, re·lin·quish·es 1. To retire from; give up or abandon. 2. To put aside or desist from (something practiced, professed, or intended). 3. his claim to the stock three days before the scheduled beginning of a weeklong week·long adj. Continuing through the week: a weeklong conference. Adj. 1. weeklong - lasting through a week; "her weeklong vacation" seven-day hearing in which a federal judge was to decide whether Bailey or the government was the rightful owner. It was Bailey's refusal to surrender the stock to the court pending the outcome of that hearing that caused the judge, Maurice M. Paul Maurice M. Paul (born 1932 in Jacksonville, Florida). Maurice Paul is a United States District Judge for the Northern District of Florida. It should also be noted he served in the U.S. Air Force from 1954 - 1957. , to send him to jail here for contempt earlier this year. Bailey wound up serving six weeks. In exchange for Friday's signed agreement relinquishing re·lin·quish tr.v. re·lin·quished, re·lin·quish·ing, re·lin·quish·es 1. To retire from; give up or abandon. 2. To put aside or desist from (something practiced, professed, or intended). 3. his claim, prosecutors gave Bailey nothing, U.S. Attorney Michael Patterson Michael Patterson and his wife Candace Reckinger were driving forces behind the early days of MTV. Winners of an MTV award for the animation in a-ha's groundbreaking video for "Take on Me" and "Train of thought", they went on to animate and direct Paula Abdul's "Opposites Attract". said, adding, ``This is not a settlement in the ordinary sense of the word.'' Bailey dropped his claim after all of several prehearing motions filed on his behalf, one of which sought a jury trial, had been rejected by Paul. ``In this particular action, the government has prevailed,'' said Bailey's lawyer, Roger Zuckerman. ``In the broader scheme of things, Mr. Bailey has rights, and those rights remain.'' Zuckerman said Bailey might try to reclaim the stock, or its cash equivalent, through ``a more appropriate forum'' like the federal Court of Claims, which hears claims against the government. But in an order issued later in the day, Paul said the agreement precluded Bailey from pressing any claim ``now or in the future, not only in this forum but in any other forum.'' |
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