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

A US judge has authorized an investment fund to subpoena payment records from the Federal Reserve Bank of New York and the Clearing House Interbank Payments System, related to iron ore trader Radiant World. US District Judge John Cronan in Manhattan deemed the requested subpoenas not overly intrusive or burdensome, as they sought specific accounts and a particular timeframe.

He also noted that the subpoenas were necessary since Mariner Atlantic Multi-Strategy LLC could not obtain the records through other means, and Swiss courts were receptive to assistance from their US counterparts.

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