‘Third Party Reliance’

“This case came out of the Second Circuit a couple of months ago, and it’s still bugging me, so it’s the subject of today’s blog post. I speak of Loreley Financing (Jersey) No 3 Limited v Wells Fargo Securities, LLC, 13 F 4th 247 (2d Cir 2021). The case itself is one of the last arising out of the financial crisis, featuring familiar names like Magnetar and Wing Chau. And the allegations were standard for cases of this type …” (more)

[Ann Lipton, Business Law Prof Blog, 4 December]

First posted 2021-12-06 16:30:17

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