web analytics
September 2, 2014 / 7 Elul, 5774
At a Glance
News & Views
Sponsored Post
Jerusalem Mayor Nir Barkat (L) visits the JewishPress.com booth at The Event. And the Winners of the JewishPress.com Raffle Are…

Congratulations to all the winners of the JewishPress.com raffle at The Event



Judge Throws Out Suit Calling on Minnesota to Divest its Israeli Bonds

Judge Margaret Marrinan and the Ramsey County courthouse.

Judge Margaret Marrinan and the Ramsey County courthouse.
Photo Credit: Minnesota Judicial Branch website

MinnPost reports that Ramsey County Judge Margaret Marrinan has dismissed a lawsuit looking to force the state of Minnesota to sell the $18 million in Israeli bonds which is held in its portfolio.

Four groups and 23 individuals filed the lawsuit in 2011, arguing that the bonds were supporting settlements that had been deemed illegal under international law.

They also argued that Minnesota law does not allow investments in foreign countries other than Canada.

Judge Marrinan threw out the suit, ruling that the plaintiffs do not have standing to file it, stating that “the authority to make social, political and economic policy decisions of the kind Plaintiffs complain about in this case resides with the Legislature and the SBI [State Board of Investment], not this Court.”

Tthe judge noted that even if the plaintiffs did have standing, Minnesota law permits the Minnesota Board of Investment to purchase international securities wherever it sees fit.

Steve Hunegs, executive director of Jewish Community Relations Council of Minnesota and the Dakotas, issued the following statement:

“Divesting from the State of Israel, the only true democracy in the Middle East, one of our nation’s strongest allies, and an important trading partner for the State of Minnesota, is wrong. Minnesota’s investment in Israel reflects Israel’s strength in high technology, medical research, and agricultural innovation, which benefits all the people of Israel, the Middle East, and the entire world.

“Minnesota’s long standing investment in Israel bonds dates back to 1993.  The State’s support for Israel and its investment in Israel bonds is bipartisan and has been supported by successive governors from Gov. Arne Carlson to Gov. Mark Dayton.”

District Judge Margaret Marrinan apparently possesses the gift of gab. Last year, when she presided over the Jury conviction of a St. Paul priest accused of sexual misconduct, the defense attorney said he would seek a probationary sentence, to which judge Marrinan responded: “The court will direct the defendant to bring his toothbrush” when he appears for sentencing…

About the Author: Tibbi Singer is a veteran contributor to publications such as Israel Shelanu and the US supplement of Yedioth, and Jewish Business News.


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

No Responses to “Judge Throws Out Suit Calling on Minnesota to Divest its Israeli Bonds”

Comments are closed.

SocialTwist Tell-a-Friend

Current Top Story
Hamas's leader in Gaza, Ismail Haniyeh (in blue shirt, center), benefitted politically - and in a dramatic fashion - from this summer's war.  Photo from Hamas victory rally, Aug. 27, 2014.
Gazan Deaths and Destruction Dramatically Drives Popularity for Hamas
Latest News Stories
Hamas's leader in Gaza, Ismail Haniyeh (in blue shirt, center), benefitted politically - and in a dramatic fashion - from this summer's war.  Photo from Hamas victory rally, Aug. 27, 2014.

Rockets and violence over diplomacy and passivity is the Palestinian Arab ruling style of choice, as reflected in a PCPSR poll.

Lady Gaga defies BDS  again with a show in Tel Aviv  on Sept. 13, 2014.

Maybe Abbas should accuse Lady Ga-Ga of incitement for saying “Shalom.”

British Jew Neil Masterson allegedly punched anti-Semitic MP George Galloway in the face.

The prosecutor says Masterson told police, “I didn’t want him to think I’m scared.”

Young Israeli boy dip apple in honey in tradition with the Rosh HaShanah New Year holiday

Honey cake, gourmet honey, flavored honey, and honey as a recipe in chicken, and even fish, are all expected to contribute to soaring sales of honey this Rosh Hashanah and holiday season. Ironically, the US Department of Agriculture is conducting hearings to define honey or just how much honey is required to qualify for “pure […]

Abbas does not have to push agenda because he has the Obama administration is his spokesman.

The Islamic State (ISIS) has just released a video showing the beheading of another American journalist, Steven Sotloff, according to a monitoring group.

Cantor can thank his defeat to a Tea Party candidate for leading him to more lucrative and stable career.

Hamas won the war in political terms, but that won’t stop Kerry.

A farmer in the (legal) Tikkun Olan Cannabis farm near Tzfat. This is one of their greenhouses. The company is licensed by Israel’s Ministry of Health to grow, process and distribute the medicinal plant.

Israeli intelligence sparked a massive manhunt that foiled an Arab terror attack, caught two suspects and kept Israeli civilians safe.

The ‘Talansky affair’ corruption trial of former Israeli Prime Minister Ehud Olmert re-opened today in Jerusalem.

Iran has successfully tested a new defensive radar and missile system, its air force chief announced Monday.

Diplomatic relations with Israel are likely to remain in deep freeze for the next few years, Turkish PM Davutoglu signals.

Events on the other side of Israel’s northern border are heating up. The IDF is on high alert in the Golan Heights.

Germany and other western countries have begun providing weapons to Kurds in fight against the IS.

More Articles from Tibbi Singer
Steven Sotlof Beheading

The Islamic State (ISIS) has just released a video showing the beheading of another American journalist, Steven Sotloff, according to a monitoring group.

Open Society Foundations chairman and founder George Soros.

Soros is basically about short selling, betting on the market to take a dive.

PayPal co-founder Max Levchin netted a reported $34 million when his brainchild was sold to eBay in 2002 for $1.5 billion. Ever since that day, the sometimes weird whiz kid Levchin, now 39, has been trying to do it again.

Blackwell, who has been accused of “inflaming prejudice,” says animals must be stunned before the cut.

But she’s in no hurry to get married, despite the fact that she’s expecting.

The Rebbe will be staying in R. Asher Lev Wolf’s luxurious apartment on Minchat Yitzchak Street in Jerusalem.

Kerry shares many of his unique and original solutions for Jerusalem, the Jordan Valley and Tel Aviv.

Here’s Thomas L. Friedman at the 7th Annual International INSS Conference in Tel Aviv, on January 29, 2014. I’ll bet you no one else there tied their sweater around their neck like this, because no one else there was living in 1982. From the Urban Dictionary: When a person decides to wear a sweater LOOSELY […]

Printed from: http://www.jewishpress.com/news/breaking-news/judge-throws-out-suit-calling-on-minnesota-to-divest-its-israeli-bonds/2012/04/11/

Scan this QR code to visit this page online: