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Loreley Financing Prevails in the First Department

November 10, 2015/less than a minute

On November 5, 2015, the Appellate Division, First Department, issued an opinion in favor of our clients, the Loreley Financing companies.  The decision, Loreley Financing (Jersey) No. 3 Ltd. v. Morgan Stanley & Co. Inc., 651633/14, reinstated the Loreley Financing companies’ claims against the defendants, which arise out of the Loreleys’ purchases of $32 million in collateralized debt obligations supported by securities closely associated with the financial crisis.  The Loreley companies, investment companies located in the Channel Islands, were represented by litigation partner Stephen M. Plotnick, with the assistance of Matthew D. Dunn and Alexander G. Malyshev.  

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  • Media item displaying Stephen M. Plotnick

    Stephen M. Plotnick

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    Partner

    D/212-238-8772
    plotnick@clm.com
  • Media item displaying Matthew D. Dunn

    Matthew D. Dunn

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    Partner

    D/212-238-8706
    mdunn@clm.com
  • Alexander Malyshev Feature

    Alexander G. Malyshev

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    Partner

    D/212-238-8618
    malyshev@clm.com
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