In an earlier litigation, victims of human right violation was awarded by the court around 2Billion dollars against the estate of former Phil. President Marcos which carried with it an order preventing the administrators from transferring, or any othe forms of conveyance the said properties of Marcos. In an attempt to collect on the judgment, the plaintiffs in the MDL case registered their judgment in the Central District of California to issuances of levy on Marcos’ or twenty-six of his alleged aliases or pseudonyms an! account was executed in California" $one of these deposit accounts were maintained at the California of either %an!" #he said an!s filed a motion to &uash the levy which was denied, and they were or deposit into the 'egistry of the (nited )tates District Court for the Central District of Calif interpleader proceeding all assets in the possession of the %+$ ) that are the suject matter o proceeding" +s there was another decision in ilao .another case/, 'osales filed an action directly agains see!ing the following relief0 .1/ an injunction restraining the %an!s from transferring or othe conveying any funds or assets held y the %an!s on ehalf of the Marcos 2state, except as order the district court3 and .4/ a declaration that the Chinn assignment 5 is valid and inding on the %an!s"
In an earlier litigation, victims of human right violation was
awarded by the court around 2Billion dollars against the estate of
former Phil. President Marcos which carried with it an order
preventing the administrators from transferring, or any other forms
of conveyance the said properties of Marcos. In an attempt to
collect on the judgment, the plaintiffs in the MDL case registered
their judgment in the Central District of California which resulted
to issuances of levy on Marcos or twenty-six of his alleged aliases
or pseudonyms bank accounts. This was executed in California. None
of these deposit accounts were maintained at the California offices
of either Bank. The said banks filed a motion to quash the levy
which was denied, and they were ordered to deposit into the
Registry of the United States District Court for the Central
District of California as an interpleader proceeding all assets in
the possession of the BANKS that are the subject matter of this
proceeding.As there was another decision in Hilao (another case),
Rosales filed an action directly against the Banks, seeking the
following relief: (1) an injunction restraining the Banks from
transferring or otherwise conveying any funds or assets held by the
Banks on behalf of the Marcos Estate, except as ordered by the
district court; and (2) a declaration that the Chinn assignment4is
valid and binding on the Banks.
