Pursuits
Barclays, SocGen, Dow, ING, Halliburton in Court News
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Barclays Plc deliberately designed structured notes that would have a much higher risk of default than their triple-A rating suggested, lawyers for a San Marino bank told a London judge yesterday.
Cassa di Risparmio della Repubblica di San Marino SpA, or CRSM, is suing Barclays in London for 92 million euros ($120.5 million), alleging fraudulent misrepresentation over the sale of collateralized debt obligations. Barclays denies the allegations.