Hamilton Reserve Bank v. Sri Lanka

134 F.4th 73
CourtCourt of Appeals for the Second Circuit
DecidedApril 10, 2025
Docket24-1459
StatusPublished
Cited by3 cases

This text of 134 F.4th 73 (Hamilton Reserve Bank v. Sri Lanka) is published on Counsel Stack Legal Research, covering Court of Appeals for the Second Circuit primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Hamilton Reserve Bank v. Sri Lanka, 134 F.4th 73 (2d Cir. 2025).

Opinion

24-1459-cv Hamilton Reserve Bank v. Sri Lanka

UNITED STATES COURT OF APPEALS FOR THE SECOND CIRCUIT

August Term, 2024

(Argued: February 27, 2025 Decided: April 10, 2025)

Docket No. 24-1459-cv

HAMILTON RESERVE BANK LTD.,

Plaintiff-Appellee,

JESSE GUZMAN, ULTIMATE CONCRETE, LLC, INTERCOASTAL FINANCE LTD.,

Intervenors-Appellants,

— v. —

THE DEMOCRATIC SOCIALIST REPUBLIC OF SRI LANKA,

Defendant.

B e f o r e:

LYNCH, ROBINSON, and NATHAN, Circuit Judges.

__________________ Jesse Guzman, Ultimate Concrete LLC, and Intercoastal Finance Ltd. appeal the denial of their motion to intervene in a suit brought by Hamilton Reserve Bank against the Democratic Socialist Republic of Sri Lanka. They argue that the district court erred when it applied a “common nucleus of operative fact” standard to conclude that it lacked supplemental jurisdiction over their claims under 28 U.S.C. § 1367(a). They contend that that analysis “ignored the well- established principle that a court necessarily possesses supplemental jurisdiction over intervention claims when the requirements for intervention as of right under Fed. R. Civ. P. 24(a)(2) are met.” Appellants’ Br. 8 (underlining omitted). Because their claims met the Rule 24(a)(2) standard, they argue, their motion to intervene should have been granted. We disagree. Section 1367(a) explicitly sets out the requirements for supplemental jurisdiction over “claims that involve the . . . intervention of additional parties.” That provision grants a district court supplemental jurisdiction over claims that “derive from a common nucleus of operative fact” shared with other claims over which the district court has jurisdiction. Achtman v. Kirby, McInerney & Squire, LLP, 464 F.3d 328, 335 (2d Cir. 2006), quoting Promisel v. First American Artificial Flowers, Inc., 943 F.2d 251, 254 (2d Cir. 1991); see also Royal Canin U.S.A., Inc. v. Wullschleger, 604 U.S. 22, 31 (2025). It may be true that claims that meet the standard for intervention as of right under Rule 24(a)(2) will often also meet that standard. But ultimately, Section 1367(a) – not the Federal Rules of Civil Procedure – defines the boundaries of a federal court’s supplemental jurisdiction over a would-be intervenor’s claims. As the Rules explicitly state, a Federal Rule of Civil Procedure does not “extend . . . the jurisdiction of the district courts.” Fed. R. Civ. P. 82. Thus, the district court applied the correct standard when it dismissed Appellants’ claims here. And because Appellants did not allege claims that share a “common nucleus of operative fact” with Hamilton Reserve Bank’s claims against Sri Lanka, the district court correctly concluded that it lacked jurisdiction over those claims. Accordingly, we AFFIRM the district court’s order denying intervention.

2 GRANT L. JOHNSON, McKool Smith P.C., New York, NY (James H. Smith, McKool Smith P.C., New York, NY, and Robert L. Edwards, Gordon Davis Johnson & Shane P.C., El Paso, TX, on the brief), for Intervenors-Appellants.

TOM M. FINI, Catafago Fini LLP, New York, NY, for Plaintiff-Appellee.

GERARD E. LYNCH, Circuit Judge:

Hamilton Reserve Bank, the Appellee in this case, is the beneficial owner of

$250,490,000 in Sri Lankan government bonds that matured on July 25, 2022.

When Sri Lanka refused to pay on the bonds, Hamilton sued its government in

the United States District Court for the Southern District of New York.

Over a year and a half later, after discovery had concluded, Jesse Guzman,

Ultimate Concrete LLC, and Intercoastal Finance Ltd. (collectively, “Appellants”)

moved to intervene, in order to assert claims that Hamilton had defrauded them

and converted their property when it refused to permit them to withdraw funds

that had been deposited by Ultimate Concrete (a company wholly owned by

Guzman) into a Hamilton account held by Intercoastal Finance (also a Guzman

company). They alleged that they have a property interest in the Sri Lankan

bonds because, according to them, Hamilton purchased the bonds using (in part)

3 their deposited funds. The district court denied the motion, holding that it lacked

jurisdiction over Appellants’ claims because Appellants had failed to show that

those claims derived from a “common nucleus of operative fact” shared with

Hamilton’s claims against Sri Lanka, as required to support supplemental

jurisdiction under 28 U.S.C. § 1367(a). Hamilton Reserve Bank Ltd. v. Democratic

Socialist Republic of Sri Lanka, 22-cv-5199, 2024 WL 1743423, at *2 (S.D.N.Y. Apr.

23, 2024).

Appellants now argue that the district court erred when it applied the

“common nucleus of operative fact” standard to conclude that it lacked

supplemental jurisdiction over their claims. We disagree. The “common nucleus

of operative fact” standard is the correct standard for evaluating supplemental

jurisdiction over claims under Section 1367(a). See Royal Canin U.S.A., Inc. v.

Wullschleger, 604 U.S. 22, 31 (2025); Achtman v. Kirby, McInerney & Squire, LLP, 464

F.3d 328, 335 (2d Cir. 2006). The statutory text and structure make clear that that

standard applies to “claims that involve the . . . intervention of additional

parties” exactly as it applies to other claims subject to supplemental jurisdiction

under that section. 28 U.S.C. § 1367(a). Thus, the district court did not err when it

4 applied that standard here. And because Appellants’ claims indeed do not share

a common nucleus of operative fact with Hamilton’s claims against Sri Lanka, the

district court correctly concluded that it lacked jurisdiction over those claims.

We therefore AFFIRM the district court’s order denying Appellants’

motion to intervene.

BACKGROUND

I. Factual Background

A. Hamilton’s investment in Sri Lankan bonds

In July 2012, Sri Lanka issued $1 billion in 5.875% international sovereign

bonds. Under the terms of the bonds, bondholders were supposed to receive

semi-annual interest payments, and the principal was to be repaid on July 25,

2022.

In August 2021, Hamilton, a St. Kitts and Nevis company with its principal

place of business in San Juan, Puerto Rico, began to acquire some of those bonds.

By the end of 2021, it had invested $143 million in principal in the bonds. It

acquired even more of the bonds in 2022, relying on assurances from the Central

Bank of Sri Lanka that the country’s bond obligations would be paid on time and

5 in full in July 2022.

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