Credit Lyonnais Scandal Helped White & Case Hone Skills

Law360, New York (November 27, 2005, 12:00 AM EST) -- White & Case was prepared for the multi-faceted nature of modern securities litigation by its involvement in one of the most complex securities cases in recent memory, the Credit Lyonnais scandal.

White & Case represented Credit Lyonnais and Consortium de Realisation in the several suits stemming from the bank’s nearly catastrophic brush with bankruptcy.

In the early 1990s, seeking to globalize its reach and become an international banking presence like Deutsche Bank, Credit Lyonnais began amassing a portfolio of poor quality assets and underwriting projects that...
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