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Remember when banks were squeamish about suing one another? The credit default swap implosion put an end to all that, to the benefit of firms like Quinn Emanuel and lawyers like Greg Joseph.
Judicial Biographies — Vicinage 2 — Bergen
Biographies for Vicinage 2.Quinn Emanuel's Jonathan Pickhardt, who took the lead at trial for the BankAtlantic investors hoping to scuttle the deal, hailed the decision as a "terrific victory" and a confirmation of the sanctity of contracts, even during times of financial distress.
Daily Decision Service Alert: Vol. 22, No. 155 - August 12, 2013
Daily decision alert.Kasowitz Benson has had mixed luck lately pressing claims that the hedge fund Magnetar Capital colluded with various banks to to place short bets on complex securities backed by subprime mortgages. The firm's luck was all bad this week in its case against UBS AG.
Economic Outlook: Consumers struggle to pay debt
Consumer credit quality in South Florida could erode in the months ahead if the economy's recovery from recession remains sluggish.It was a big turnaround for mortgage-backed securities investors last year when an appellate court ruled that plaintiffs can assert claims related to securities they never purchased. On Monday Goldman Sachs's lawyers at Gibson Dunn and Boies Schiller lost a bid to turn things back around in the banks' direction.
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