News & Analysis as of

Collateralized Debt Obligations Statute of Limitations

Orrick - Finance 20/20

Second Circuit Vacates Dismissal of $25M CDO Case Against Citi

Orrick - Finance 20/20 on

On April 22, 2015, the Second Circuit vacated and remanded a district court’s decision dismissing on statute of limitations grounds claims Woori Bank brought against Citigroup Global Markets arising out of Woori’s purchase of...more

Orrick - Finance 20/20

Second Circuit Affirms Dismissal of Untimely CDO Claims against Merrill Lynch

Orrick - Finance 20/20 on

On November 21, the Court of Appeals for the Second Circuit affirmed the dismissal of a suit brought by South Korea‘s Woori Bank against Merrill Lynch & Co., Inc. and Bank of America Corp. on statute of limitations grounds....more

Orrick - Finance 20/20

$180 CDO Claim Against Credit Agricole Dismissed as Time-Barred

Orrick - Finance 20/20 on

On August 31, Judge Robert W. Sweet of the U.S. District Court for the Southern District of New York dismissed with prejudice a $180 million suit brought by Intesa San Paolo (Intesa) against Credit Agricole Corporate and...more

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