September 28, 2021

Credit Suisse ruling helps preserve Martin Act’s reach

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By Scott Flaherty, From The Litigation Daily In refusing to toss a multibillion-dollar fraud lawsuit against Credit Suisse AG last week, New York Supreme Court Judge Marcy Friedman didn’t just disappoint the bank and its lawyers at Cravath, Swaine & Moore. The judge also poured coal in the stockings of other defendants looking for vulnerabilities […]

Barclays Moves to Dismiss AG’s Suit Over ‘Dark Pools’

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By Suevon Lee, New York Law Journal Barclays is challenging the authority of New York’s top lawyer to sue the bank for fraud over allegedly deceptive statements it made to investors concerning high frequency trading in its “dark pool,” or private stock exchange. Attorney General Eric Schneiderman filed civil fraud claims against the bank last […]