The US Government has agreed to “waive all filing time limits” to claim the assets of two frozen Swiss bank accounts, according to a letter by US States Attorney Rod J. Rosenstein.
A representative of Ranston Ltd. – a Full Tilt child company that owns the bank accounts – is in discussions with the US about a potential settlement.
Justifying the removal of the time restrictions, Rosenstein wrote that they “.. are making progress with settlement discussions.” He also indicated he would update the court if a settlement has not been reached by December 21, 2011.
This action by the US Government may be an indication that the sale to the French firm Groupe Bernard Tapie is progressing.
