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Space Coast Credit Union v. Barclays Capital Inc. et al
Case Number:
1:11-cv-02802
Court:
Nature of Suit:
Judge:
Firms
Companies
Sectors & Industries:
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March 20, 2012
Suit Against Barclays Over $400M CDO Goes Forward
A federal judge on Tuesday refused to dismiss most of a lawsuit that alleges Barclays Bank PLC packed a collateralized debt obligation with junk and shorted it, saying the plaintiffs have made a plausible fraud claim about the $400 million sale.
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April 27, 2011
Credit Union Flays Barclays, State Street On $400M CDO
A Florida credit union unleashed a lawsuit Tuesday in New York alleging Barclays Bank PLC and State Street Corp. peddled a collateralized debt obligation that was designed to fail, costing investors roughly $400 million.