Commerzbank’s Eurohypo Loses Suit Over Profit Certificates
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Commerzbank AG’s Eurohypo unit must pay interest on profit certificates to a private-equity firm and a U.S. hedge fund after Germany’s top civil court ruled the lender was wrong to stop payments on the securities in 2009.
Germany’s Federal Court of Justice today backed rulings won by Crown Ocean Capital Ltd. and QVT Financial LP.