Credit Agricole Slapped With $50M CDO Fraud Suit
Loreley Financing (Jersey) No. 31 Ltd. and Loreley Financing (Jersey) No. 32 Ltd. filed a summons in the Supreme Court of the State of New York on Friday against the bank's arms Credit Agricole Corporate and Investment Bank and Credit Agricole Securities (USA) Inc., though no complaint has yet been filed.
The lawsuit alleges fraud by the defendants in the...
To view the full article, register now.