Foreign Bank Sued by Investor After Debts Show Much Lower Value

Business Valuation UpdateVol. 4 No. 7
Legal and Court Case Update
July 1998

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6081 Branches and Agencies of Foreign Banks
522110 Commercial Banking
contract
Carlisle Ventures v. Banco Espanol De Credito
1998 U.S. Dist. LEXIS 7489
May 20, 1998
US
Federal Court
New York
United States District Court
Christopher James (for plaintiff) <br> Juan Fernandez-Armesto (for defendant)
Sotomayor

Summary

Plaintiff's complaint set forth five claims for relief, alleging violations by Banco Espanol De Credito (Banesto) in its sale of stock under the Securities Act of 1933 and the Securities and Exchange Act of 1934.

See Also

Carlisle Ventures v. Banco Espanol De Credito

Full Text of Court Cases
May 20, 1998

At issue is the valuation of the defendant's stock pursuant to a Share Subscription Agreement.