E-gold Wins a Round

Press Release

Source: e-gold Ltd

e-gold Wins Appeal in D.C. Circuit for Hearing on Asset Seizure
Sunday April 20, 8:38 pm ET

MELBOURNE, Fla., April 20 /PRNewswire/ -- e-gold Ltd is pleased to announce a favorable ruling from The United States Court of Appeals for the District of Columbia Circuit in the matter of whether it, Gold & Silver Reserve, Inc., and Directors of both corporations are entitled to a hearing in the Federal district court regarding whether there was sufficient probable cause to justify seizures of assets from the corporations in December 2005 and April 2007.

The higher court concluded, "In short, we hold that where the government has obtained a seizure warrant depriving defendants of assets pending a trial upon the merits, the constitutional right to due process of law entitles defendants to an opportunity to be heard at least where access to the assets is necessary for an effective exercise of the Sixth Amendment right to counsel."

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