Credit Suisse Seeks To Stop 'Do-Over' Signac Arbitration
Law360 (January 13, 2021, 5:58 PM EST) -- Credit Suisse AG says a former leader of its failed tech venture Signac LLC should not be able to proceed with a new arbitration claiming that the Swiss bank misappropriated Signac technology, calling the case redundant and a "classic do-over."
The Swiss bank and its chief risk officer, Lara Warner, filed a petition in New York State Supreme Court on Tuesday seeking to permanently stay the arbitration, which Signac's former Chief Supervisory Officer Colleen Graham filed Dec. 22 at Judicial Arbitration and Mediation Services.
The case rehashes claims from a 2017 arbitration that Graham lost and violates Section 10 of the Federal...
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