Linklaters has emerged as the first magic circle firm to litigate against a bank since the credit crunch, after accepting an instruction from Barclays Capital in a major dispute with US investment bank Bear Stearns. The City law firm is advising long-term UK client BarCap, which filed a claim against Bear Stearns at the end of last month in relation to two collapsed hedge funds exposed to the sub-prime market.
January 17, 2008 at 01:02 AM
1 minute read
The original version of this story was published on Legalweek
Linklaters has emerged as the first magic circle firm to litigate against a bank since the credit crunch, after accepting an instruction from Barclays Capital in a major dispute with US investment bank Bear Stearns.
The City law firm is advising long-term UK client BarCap, which filed a claim against Bear Stearns at the end of last month in relation to two collapsed hedge funds exposed to the sub-prime market.
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