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Litigation

Dec. 17, 2013

Credit Default Swap cases consolidated in New York

A number of credit default swap class actions against major U.S. banks were consolidated in federal court in the Southern District of New York Friday with two California-based law firms taking pole position representing plaintiffs.

By Henry Meier
Daily Journal Staff Writer

A number of credit default swap class actions against major U.S. banks were consolidated in federal court in the Southern District of New York Friday with two California-based law firms taking pole position representing plaintiffs.

Ten different cases involving JPMorgan Chase & Co., Bank of America Co. and Citibank NA, among others, were consolidated in front of U.S. District Judge Denise Cote. She officially appointed Quinn E...

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