Weil Gotshal & Manges sued by client over landmark CDO deal

Westacott, Gemma; Cushnie, Lorraine
July 2005
Lawyer;7/4/2005, Vol. 19 Issue 26, p1
Trade Publication
The article reports that the London office of the law firm Weil Gotshal & Manges LLP is facing a claim of up to $100m from one of its founding securitisation clients. In what is believed to be the first time a law firm has been sued for its involvement in the structuring of a collateralised debt obligations (CDO), Greenwich NatWest and National Westminster Bank are suing Weil for allegedly failing to exercise reasonable skill in the documentation and structuring of the landmark CDO.


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