Standard Chartered Wins 11th Circ. Nod On Account Freeze

Law360, New York (June 6, 2013, 5:30 PM EDT) -- The Eleventh Circuit on Thursday backed a Florida federal court that had cleared Standard Chartered Bank International Ltd. of tortious interference allegations, rejecting an international tourism company's claims that the bank had intentionally interfered in its business by freezing its account.

Mexico-based MKT Reps SA de CV lost its appeal of a decision tossing the last of a trio of claims it had brought against Standard Chartered for freezing its account in 2009 and allegedly preventing it from wiring funds to its international vendors, according to...
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.