Rabobank Can't Limit Damages In Credit Suisse Row

Law360, New York (May 18, 2011, 10:04 PM EDT) -- A New York state appeals court on Tuesday shot down a Rabobank subsidiary’s bid to limit damages before heading to trial over Credit Suisse First Boston’s claims it reneged on an agreement to sell $15 million in Enron Corp. debt.

The appeals court concluded that the lower court correctly denied partial summary judgment to Rabobank subsidiary Utrecht-America Finance Co., finding little reason to limit the damages to a rigid formula when there was little ready information about the mounting trading value of the distressed debt....
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