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Daily Archives: Friday, October 4, 2019

Posted: October 4, 2019

Court Dismisses Mexican Bond Price Fixing Suit

Reuters, Bloomberg, and Law360 are reporting that S.D.N.Y. Judge Paul Oetken has dismissed an anti-trust lawsuit alleging that 10 major banks, including JP Morgan Chase, Barclays, and Deutsche Bank, colluded to inflate the price of Mexican government bonds. The court found that the complaint lacked particularized allegations with regard to any of the defendants and... Read more »

Posted: October 4, 2019

Action is Not First Filed Action for CPLR 3211(a)(4) Purposes if Summons With Notice is Not Followed by Complaint

On September 18, 2019, Justice Borrok of the New York County Commercial Division issued a decision in MAC Presents, LLC v. C Lewis Group, LLC, 2019 NY Slip Op. 32807(U), holding that an action brought by a summons with notice is not a first-filed action for purposes of CPLR 3211(a)(4) if that summons with notice... Read more »