German bank's bid to sue Aladdin Capital is revived, reports Reuters

Tuesday, August 07, 2012

Bayerische Landesbank was handed a lifeline in its bid to sue Aladdin Capital over a CDO it had invested $60 million in.

TAGS: Law suits

Comment by: Anonymous. Posted 11 years ago [2012-08-07 23:01:21]

The legal aspect is interesting. BLB alleges Aladdin violated the PMA. The first court ruled that BLB's allegation could not proceed since this plaintiff is / was not a party to the PMA. The second court disagreed on this technical (and important) point.

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