Credit Suisse Shakes UAE Bank's $40M Restructuring Case

Law360, New York (July 31, 2012, 6:59 PM EDT) -- Abu Dhabi Commercial Bank PJSC sat too long on Credit Suisse Group AG investment bankers' guilty pleas and other new evidence to revive its allegations that Credit Suisse oversold the benefits of restructuring a $40 million investment, a New York state judge ruled Tuesday.

New York Supreme Court Judge O. Peter Sherwood said the 10 months between when the last of the evidence was produced to ADCB and when the bank brought it to the court's attention — during which time the judge held oral arguments...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.