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GRUPO MEXICANO de DESARROLLO, S. A. v. ALLIANCE BOND FUND, INC.

No. 98-231.

527 U.S. 308 (1999)

119 S.Ct. 1961

144 L.Ed.2d 319

GRUPO MEXICANO de DESARROLLO, S. A., et al. v. ALLIANCE BOND FUND, INC., et al.

Supreme Court of United States.

Decided June 17, 1999.

Attorney(s) appearing for the Case

Richard A. Mescon argued the cause for petitioners. With him on the briefs were Scott S. Balber and Peter Buscemi.

Drew S. Days III argued the cause for respondents. With him on the brief were Kenneth W. Irvin, Dale C. Christensen, Jr., John J. Galban, Jeremy G. Epstein, Stephen J. Marzen, Meredith Kolsky Lewis, Andrew J. Wertheim, and Lisa T. Simpson.*

Scalia, J., delivered the opinion for a unanimous Court with respect to Part II, and the opinion of the Court with respect to Parts I, III, and IV, in which Rehnquist, C. J., and O'Connor, Kennedy, and Thomas, JJ., joined. Ginsburg, J., filed an opinion concurring in part and dissenting in part, in which Stevens, Souter, and Breyer, JJ., joined, p. 333.

Justice Scalia, delivered the opinion of the Court.

This case presents the question whether, in an action for money damages, a United States District Court has the power to issue a preliminary injunction preventing the defendant from transferring assets in which no lien or equitable interest is claimed.

I

Petitioner Grupo Mexicano de Desarrollo, S. A. (GMD), is a Mexican holding company. In February 1994, GMD issued $250 million of 8.25% unsecured...

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