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Privy Council Rules on the Court’s Equitable Jurisdiction to Set the Financial Terms of Relief against Appropriation

Last week the Board of the Privy Council delivered a critical sequel to its previous judgments in connection with the Cukurova Group’s attempt to recover shares following an appropriation. The Board held that not only can the...more

Freddie Mac Files Suit Over Losses Due To Alleged LIBOR Manipulation

On March 14, Freddie Mac sued 15 banks and the British Bankers’ Association (BBA), claiming that the institutions manipulated the London Interbank Offered Rate (LIBOR) and caused substantial losses to Freddie Mac on...more

Real Estate Legal News - April 4, 2012 • Spring Edition

IN THIS ISSUE: - Michigan Legislature Reacts Quickly To Dramatic Nonrecourse Liability Decisions Michigan became the focus of national attention in the world of commercial real estate finance in December, when the...more

M&T Bank Corp Settles CDO Suit Against Deutsche Bank for $55 Million

In a January 17, 2012 press release and 8-K reporting its financial results for the fourth quarter, M&T Bank Corp announced the settlement of a 2008 lawsuit against Deutsche Bank Securities and other entities. The suit, filed...more

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