Deloitte's Counterclaims Stand In Actrade Securities Case

Law360, New York (September 11, 2012, 11:00 PM EDT) -- A New York federal judge on Tuesday denied a move by the trustee of bankrupt Actrade Financial Technologies Ltd. to toss certain counterclaims by Deloitte & Touche LLP in a securities action, finding there are questions that remain about alleged settlement agreements in the case.

Deloitte claims that a separate malpractice lawsuit filed against it by the trustee overseeing Actrade's liquidation breached a proposed class action securities settlement agreement linked to Actrade's 2002 bankruptcy.

Deloitte also maintains that trustee Jonah M. Meer agreed to release Deloitte from...
To view the full article, register now.




Case Information

Case Title

In Re: Actrade Financial v. , et al

Case Number



New York Southern

Nature of Suit



Richard M. Berman

Date Filed

February 14, 2002

Law Firms


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.