Barclays has ended the dispute with Bear Stearns that led to Linklaters losing one of its major client relationships. The bank, which was advised by Linklaters throughout the dispute, signed a notice of dismissal earlier this week (10 February) agreeing to drop a claim against Bear Stearns relating to two collapsed hedge funds that were exposed to the subprime market.Linklaters New York co-managing partner Larry Byrne led the team advising Barclays Capital on the Bear Stearns dispute, a role which made it the first magic circle firm to litigate against a bank since the start of the credit crunch.
February 13, 2009 at 06:07 AM
1 minute read
The original version of this story was published on Legalweek
Barclays has ended the dispute with Bear Stearns that led to Linklaters losing one of its major client relationships.
The bank, which was advised by Linklaters throughout the dispute, signed a notice of dismissal earlier this week (10 February) agreeing to drop a claim against Bear Stearns relating to two collapsed hedge funds that were exposed to the subprime market.
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