May 22, 2018
Citco Group Ltd. can keep confidential certain communications with UBS AG sought by several pension funds that have accused Citco and others of making misrepresentations about a $100 million investment in an insolvent investment vehicle, a Louisiana federal judge ruled Monday, finding that the documents warranted attorney-client privilege.
September 30, 2016
A Louisiana federal judge on Friday refused to grant investment managers' bid to dismiss a suit by three state pension funds against the managers arising out of the funds' $100 million purchase of an insolvent investment vehicle, rejecting the managers' claims they are not subject to personal jurisdiction.
August 16, 2016
Skadden Arps Slate Meagher & Flom LLP on Monday urged a Louisiana federal court to dismiss the firm from a $200 million suit by three state worker pension funds that invested with an insolvent investment vehicle that was forced into bankruptcy, saying it's reached a settlement with the funds.