The Triton

News

Sequoia case dismissed

ADVERTISEMENT

The Supreme Court of the State of New York has dismissed a legal complaint against FE Partners that alleged it tried to improperly wrest control of the former presidential yacht, the U.S.S. Sequoia. The judge ruled that a complaint filed by the owner of the Sequoia “is dismissed in its entirety.”

The judge’s order came the day after FE Partners filed its response in the case, which chronicled how the Sequoia’s owner had hidden and neglected debts and had repeatedly violated the terms of its loan agreement with FE Partners.

“We are pleased that the New York Supreme Court promptly dismissed this unfounded complaint, so that we can again devote our attention to preserving a treasured piece of American history that many call ‘the floating White House,'” said Richard Graf , legal counsel for FE Partners.

A national historic landmark, the 104-foot yacht was built in 1925 and served every president from Herbert Hoover through Gerald Ford. President Kennedy celebrated his last birthday aboard the Sequoia, and a melancholy President Nixon played “God Bless America” on a piano in the Sequoia upon deciding to resign from the White House.

President Johnson enjoyed watching movies on the top deck, and President Franklin D. Roosevelt was known to fish the Potomac from the stern.

World leaders from Winston Churchill to Leonid Brezhnev have met with U.S. presidents on the Sequoia, arguably the most important piece of American history in private hands.

Though owned by an Indian businessman, FE Partners said in a statement it is committed to keeping the Sequoia in the United States and properly funding its maintenance.

Related Posts...
The U.S. Army Corps of Engineers has awarded an $8.55 Read more...
One of Fraser's longtime yacht brokers, Tom Allen, died on Read more...
The Florida Department of Transportation issued a feasibility study for Read more...
A charter cruise aboard a Miami yacht was abruptly ended Read more...
A 20m yacht burned today, June 17, near Porto Venere, Read more...

Share This Post

About Lucy Chabot Reed

Lucy Chabot Reed is publisher and founding editor of The Triton.

View all posts by Lucy Chabot Reed →

Leave a comment

Your email address will not be published. Required fields are marked *

Please answer the question below to leave a comment. * Time limit is exhausted. Please reload CAPTCHA.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Editor’s Picks

Secure at Sea: The growing pains of cyber-security

Secure at Sea: The growing pains of cyber-security

Secure @ Sea: by Corey Ranslem When I heard about it, I was amazed but not surprised. The high-roller database at a major casino …

Crew Compass: Make time for yourself

Crew Compass: Make time for yourself

Crew Compass: by Lauren Loudon One thing that I’ve found difficult on boats over the years is making time for myself and doing things …

Latest news in the brokerage fleet: Bandido sells; Saint Nicholas, Rock.It listed

Latest news in the brokerage fleet: Bandido sells; Saint Nicholas, Rock.It listed

Yachts sold M/Y Bandido, a 137-foot (41.8m) Westport launched in 1989, sold in an in-house deal by Ocean Independence broker Chris …

Derecktor, Haack bid for Fort Pierce yacht facility

Derecktor, Haack bid for Fort Pierce yacht facility

By Dorie Cox Two bids to develop a megayacht repair facility in Fort Pierce, Florida, are under evaluation. Derecktor Holdings Inc. and …