Thomas P. Griesa

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Thomas Griesa
Chief Judge of the United States District Court for the Southern District of New York
In office
1993–2000
Succeeded by Michael Mukasey
Judge of the United States District Court for the Southern District of New York
In office
June 30, 1972 – March 13, 2000
Appointed by Richard Nixon
Preceded by Seat established
Succeeded by Laura Swain
Personal details
Born (1930-10-11) October 11, 1930 (age 83)
Kansas City, Missouri, U.S.
Alma mater Harvard University
Stanford University

Thomas Poole Griesa (born October 11, 1930; Kansas City)[1] is a federal judge for the United States District Court for the Southern District of New York.

Born in Kansas City, Missouri, Griesa received a A.B. from Harvard University in 1952 and served in the U.S. Coast Guard from 1952 to 1954, thereafter receiving an LL.B. from Stanford Law School in 1958. He was an attorney with the Admiralty and Shipping Section of the U.S. Department of Justice from 1958 to 1960, and was then in private practice in New York City from 1960 to 1972.

He was nominated to the court by Richard M. Nixon on June 15, 1972, to a new seat created by 84 Stat. 294, confirmed by the United States Senate on June 28, 1972, and received his commission on June 30, 1972. He served as chief judge from 1993 to 2000 and assumed senior status on March 13, 2000.

In 1982, he blocked the permit for the construction of the WestWay, saying the road would harm striped bass. His order was affirmed by the U.S. Court of Appeals for the Second Circuit.[2]

Hedge fund hold-outs and Argentina's debt[edit]

Currently, Judge Griesa presides over the Argentine debt restructuring. The case is on remand following the U.S. Supreme Court's decision to permit hedge funds, who bought defaulted bonds and never drew any pay from Argentina, to access potentially an array of bank records to locate financial assets overseas in seeking compensation.[3] Paul Singer's Cayman Islands-based hedge fund NML Capital Limited is the principal litigant in this dispute, having paid USD49 million in the secondary market for bonds worth USD832 million by 2014.[4]

While Griesa has cultivated a reputation as an arbitrator who is unafraid to make controversial decisions, colleagues sometimes whisper that he has a tendency to make judgments that can have unintended consequences.[5]

Through an official press release published on Friday afternoon, June 27th 2014, the Argentine government stated US Federal Judge, Thomas Griesa, attempted to “block the payment for bondholders,” and committed an abuse of authority, after cancelling the deposit made on Thursday into a Bank of New York account. The text specified “the deposited amounts are fiduciary property of the holders” and it is the duty of the fiduciary agent to “hold them on behalf of the holders’ benefit.”[6]

According to Joseph Stiglitz, with Griesa's decision "America is throwing a bomb into the global economic system". [7]

References[edit]

External links[edit]

Legal offices
New seat Judge of the United States District Court for the Southern District of New York
1972–2000
Succeeded by
Laura Swain
Preceded by
Charles Brieant
Chief Judge of the United States District Court for the Southern District of New York
1993–2000
Succeeded by
Michael Mukasey