Order to Impound Sailboat Stars and Stripes Is Lifted
An order to impound the America’s Cup catamaran Stars and Stripes for nonpayment of a debt has been lifted, the U.S. marshal’s office reported today.
A spokesman for the marshal’s office said a court order was received late Friday to lift the lien placed on the boat and other property of Sail America, which organized the defense of yachting’s premier trophy last year.
Several containers of equipment, including the disassembled catamaran used to defeat New Zealand 2-0 last September, were seized on June 5 by the U.S. government for nonpayment of a $225,000 debt owed to North Sails Group Inc.
Jay Hansen of North Sails said the board of directors had unanimously voted to drop the lawsuit and attempt to work out a payment plan with Sail America, now called the America’s Cup Organizing Committee.
A court later disqualified Stars and Stripes and awarded the cup to New Zealand’s Mercury Bay Boating Club. That action is under appeal.
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