Banks Allege Foul Play on Default Swapped Bonds Called by Fund | Practical Law

Banks Allege Foul Play on Default Swapped Bonds Called by Fund | Practical Law

A group of banks including JPMorgan Chase & Co. claim that a fund may have acted improperly in calling bonds on which it sold default swap protection to the banks.

Banks Allege Foul Play on Default Swapped Bonds Called by Fund

Practical Law Legal Update 0-386-4189 (Approx. 2 pages)

Banks Allege Foul Play on Default Swapped Bonds Called by Fund

by PLC Finance
Published on 15 Jun 2009 • USA (National/Federal)
A group of banks including JPMorgan Chase & Co. claim that a fund may have acted improperly in calling bonds on which it sold default swap protection to the banks.