Banco Popular Investors Fight To Seek Info In NY Over Sale

Law360 (December 4, 2018, 6:01 PM EST) -- A group of former investors in Banco Popular Español SA and two fund managers urged the Second Circuit on Monday to revive their bid for information from Spain's largest bank for use in legal proceedings over Banco Popular’s 2017 sale, saying there was no doubt the bank meets a requirement that it be "found" in New York.

A group of 55 investors led by Mexican billionaire Antonio Del Valle Ruiz, Pacific Investment Management Co. LLC and Anchorage Capital Group LLC had asked a New York federal court in separate lawsuits earlier this year to allow them to obtain discovery from the...

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