ATLANTA -- A Mississippi state court judge last Friday dismissed a lawsuit filed this summer by a group of bondholders seeking repayment of about $15 million of Mississippi debt that defaulted 152 years ago.

Judge Chet Dillard of the Hinds County Chancery Court, ruled that a seven-year statute-of-limitations law passed by the state in 1873 applied to the bonds, and preempted the lawsuit, according to Paul Neville, the bondholders' lawyer.

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