Wednesday, March 14, 2012

Appeal rules in favor of US syndicate

The Appellate Division of the New York Supreme Court refused to stay a lower court's ruling that San Francisco's Golden Gate Yacht Club is the Challenger of Record in the America's Cup, according to the U.S. syndicate.

America's Cup champion Alinghi of Switzerland originally sought a temporary stay of Judge Herman Cahn's March ruling, but that request was denied on April 15 and referred to the four-judge panel that ruled Thursday.

The judges also denied GGYC's motion to dismiss Alinghi's appeal.

"The court denied both motions and we look forward to a speedy resolution of these matters," said Barry Ostrager, the U.S. attorney for Societe …

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