JPML Won't Centralize Credit Suisse Inverse VIX Suits In NY
Law360 (August 1, 2018, 9:13 PM EDT) -- The Judicial Panel on Multidistrict Litigation on Wednesday denied a bid from Credit Suisse to centralize four putative class actions the bank is facing from investors in its short-term notes inversely related to the stock market's volatility index, saying there aren't enough involved parties or lawsuits to warrant centralization.
Credit Suisse had asked that three investor lawsuits in the Southern District of New York and one in the Northern District of Alabama, each of which alleges the bank misrepresented the value of the short-term notes during a critical time of steep price drops and substantial investor losses, be centralized in the...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!