New York court rejects ADCB bid to reopen fraud case against Credit Suisse | The National:
"Abu Dhabi Commercial Bank’s attempt to reopen its fraud claim against Credit Suisse, centring on an ill-fated restructuring of a US$40 million investment vehicle in 2007, has been turned down by a court in New York.
ADCB had sought to renew its prior motion against Credit Suisse, which was dismissed in August 2011, citing documents from a third party that had not been submitted the first time around.
The documents purportedly showed that Credit Suisse engaged in self-dealing (taking advantage of its position in the transaction to advance its own interest rather than the client’s) in executing the restructuring transaction, according to court filings."
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