Israel Discount Bank Wins $8.95 Million in Gold-Cache Case

Israel Discount Bank of New York won a judgment of more than $8.95 million from a Delaware precious-metals storage company that withheld access to a cache of rare gold and silver coins being held as collateral for loans.

First State Depository Co. must pay the damages, including interest and more than $1 million in legal fees, and turn over any of the bank’s remaining valuables, Delaware Chancery Court Judge Donald Parsons Jr. wrote in an order signed today.