Bank Drops Wikileaks Case

Julius Baer Bank and Trust dropped its case against Wikileaks today, days after a San Francisco judge reversed an injunction against the iconoclastic document-leaking site. Judge Jeffrey White had ordered Wikileaks shut down in response to arguments that it had published stolen bank documents that contained sensitive proprietary information. But Wikileaks argued that the documents exposed fraud, and the injunction prompted a firestorm in the press over concerns that White had abridged constitutionally guaranteed rights to free speech and freedom of the press. "There are serious questions of prior restraint, possible violations of the First Amendment," he said on Friday before reversing the order. Even during the time that Wikileaks went dark, shadow sites hosted in other countries continued to make the same information available, underscoring the futility of censorship in the Internet era. The bank's filing today didn't say why it was withdrawing the suit and reserved the right to refile the case later.