Gardere Sues To Duck BNY Mellon Legal Costs In CDO Row

Law360, New York (September 27, 2013, 7:57 PM ET) -- The Bank of New York Mellon was hit with a suit Friday by its former law firm, Texas-based Gardere Wynne Sewell LLP, which argues it doesn’t have to indemnify the bank for legal costs from two securities suits it faced involving a collateralized debt obligation-related matter that Gardere had advised on. 

In a complaint filed in Texas federal court, the firm says it was not liable for the $1.5 million in legal fees and costs that BNY Mellon incurred defending itself in a 2009 federal court...
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Case Information

Case Title

Gardere Wynne Sewell LLP et al v. The Bank of New York Mellon et al

Case Number

4:13-cv-02858

Court

Texas Southern

Nature of Suit

190(Contract: Other)

Judge

Judge Ewing Werlein, Jr

Date Filed

September 27, 2013

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