Credit Suisse May Have Dealt In Bad Faith: NY Court

Law360, New York (January 21, 2011, 3:21 PM EST) -- A New York state appeals court has ruled that Credit Suisse First Boston may not have negotiated in good faith with Dutch bank Rabobank in a $15 million financing deal for a former Enron Corp. subsidiary that soon went bust.

There is a triable issue of fact over whether plaintiff Credit Suisse negotiated in good faith with an alleged subsidiary of Rabobank, the New York Supreme Court, Appellate Division, First Department said Tuesday in an unsigned opinion, reversing the trial court's grant of summary judgment on...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.