Trial Court Issues Judgment Against Credit Suisse in Case Related to the NexPoint Strategic Opportunities Fund
Court Enters Judgment on Remand, Awards $121 Million to Claymore Holdings
June 28, 2021 19:52 ET | Source: NexPoint Strategic Opportunities Fund NexPoint Strategic Opportunities Fund Dallas,
DALLAS, June 28, 2021 (GLOBE NEWSWIRE) The NexPoint Strategic Opportunities Fund (NYSE:NHF) (“NHF”), a closed-end investment company managed by NexPoint Advisors, L.P. (the “Adviser”), announced an update in the case against Credit Suisse, AG, Cayman Islands Branch, and Credit Suisse Securities (USA), LLC (“Credit Suisse”).
The 134th Judicial District Court (the “Court”) issued a judgment today against Credit Suisse, awarding $121 million to Claymore Holdings LLC (“Claymore”), the entity formed to pursue the collective claims on behalf of NHF and the Highland Income Fund (NYSE:HFRO)(“HFRO”) (together th
/PRNewswire/ Companhia Siderúrgica Nacional ("CSN") (NYSE: SID) announced today that its subsidiary, CSN Resources S.A. ("CSN Resources"), has commenced a.
Second Circuit Requires Detailed Facts To Satisfy Morrison's mondaq.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mondaq.com Daily Mail and Mail on Sunday newspapers.
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The Second Circuit reemphasized that conclusory allegations that a transaction took place in the United States will not pass muster under Morrison.
On March 4, 2021, the Second Circuit issued a Summary Order affirming the dismissal of securities fraud claims in
Banco Safra, S.A. Cayman Islands Branch v. Samarco Mineração S.A., No. 19-3976. The court concluded that the plaintiff failed to adequately plead that its purchases of debt securities issued by a Brazilian mining company constituted domestic transactions under the U.S. Supreme Court s decision in
Morrison v. National Australia Bank Ltd., 561 U.S. 247 (2010), and the Second Circuit s prior decision in
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