In an opinion yesterday, Judge Hellerstein emphatically rejected the arguments of a Spanish bank, Banco Bilbao Vizcaya Argentina (S.A.) (“BBVA”), that, under the recent Supreme Court decision in Daimler v. Bauman and the Second Circuit’s recent ruling in Gucci v. Li, the Court lacked jurisdiction to enforce a subpoena seeking information that related to judgment collection and that was located outside the New York branch:
Continue Reading Judge Hellerstein Rules That Spanish Bank With New York Branch Must Gather Information Globally for Judgment Collection Subpoena
Jurisdiction
Judge Hellerstein Rules That Spanish Bank With New York Branch Must Gather Information Globally for Judgment Collection Subpoena
By Charles Michael on
In an opinion yesterday, Judge Hellerstein emphatically rejected the arguments of a Spanish bank, Banco Bilbao Vizcaya Argentina (S.A.) (“BBVA”) that, under the recent Supreme Court decision in Daimler v. Bauman and the Second Circuit’s recent, ruling in Gucci v. Li, the Court lacked jurisdiction to enforce subpoenas seeking information related to judgment collection, …
Banks Challenge Jurisdiction in LIBOR Suits; Emphasize That LIBOR Is Set In London
By Charles Michael on
In a motion yesterday, various banks involved in the multidistrict litigation relating to alleged LIBOR manipulation moved to dismiss for lack of jurisdiction. They argue that LIBOR is set in set in London by foreign banks or foreign employees and, thus, the allegations lack a sufficient connection to the United States:
Continue Reading Banks Challenge Jurisdiction in LIBOR Suits; Emphasize That LIBOR Is Set In London