Deutsche Bank Dodges PE Firm's Suit Over $1B CLO

Law360, New York (June 7, 2013, 6:31 PM EDT) -- A federal judge on Thursday ruled that private equity firm Arco Capital Corp. waited too long to sue Deutsche Bank AG over losses incurred through a $1 billion collateralized loan obligation.

Judge Robert W. Sweet of federal district court in Manhattan found that Arco's suit over the CLO issued by Deutsche Bank came after the five-year statute of limitations provided under section 10(b) of the 1933 Securities Act had expired.

The firm also failed to sufficiently argue that it should be eligible for a two-year extension...
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Case Title

Arco Capital Corporation Ltd. v. Deutshe Bank AG


Case Number

1:12-cv-07270

Court

New York Southern

Nature of Suit

Securities/Commodities

Judge

Robert W. Sweet

Date Filed

September 27, 2012

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