Points up front: CDO square-off
Points up front: CDO square-off

UBS loses case over Leipzig water authority CDOs
Judge brands muni salesman as “thoroughly dishonest”

Mid market lender Monroe Capital sues former employee
Mid market lender Monroe Capital is suing a former employee, claiming that he forwarded information to himself at a new company he plans to set up

SEC fines UBS for missing points up front
The SEC ruled yesterday that UBS broke rules by failing to pass on money to investors in a synthetic CDO and fined it $50 million

Danish pension fund manager sues dealers over credit futures
Danish pension fund takes legal action against 12 credit derivative dealers, Isda and Markit, according to media reports

Highland wins credit hedge fund lawsuit, reports Bloomberg
Bloomberg reports that Highland Capital Management has won a legal case against investors in a credit hedge fund

Pension fund claims 12 banks manipulated CDS market
Sheet metal workers pension fund launches law suit against twelve banks for manipulating CDS market. 

Former Credit Suisse CDO head pleads not guilty, says Bloomberg
Bloomberg reports that Kareem Serageldin has pleaded not guilty to US criminal and SEC charges

Credit hedge fund GoldenTree sues German borrower, says Bloomberg
GoldenTree Asset Management has launched a lawsuit against German car parts supplier Schmolz + Bickenbach

UK court approves extradition of former Credit Suisse CDO head
Reuters reports that a UK court has approved ex-Credit Suisse head of structured credit’s extradition to US    

Standard & Poor’s says it will appeal against CPDO ruling
Standard & Poor’s has said that it will appeal against an Australian federal court judgment earlier this week over its AAA rating on CPDOs issued in 2006

Credit Suisse former CDO head Serageldin is arrested, reports FT
The Financial Times reports that Credit Suisse’s former synthetic CDO head Kareem Serageldin has been arrested in London

German bank's bid to sue Aladdin Capital is revived, reports Reuters
Bayerische Landesbank was handed a lifeline in its bid to sue Aladdin Capital over a CDO it had invested $60 million in.

SEC loses case against former Citi CDO arranger
Former Citi CDO structurer, Brian Stoker, has been cleared of wrong doing for his role in putting together Class V Funding III

CDO arranger and manager strike a settlement agreement with the SEC
A bank, its former CDO structurers and a CDO manager yesterday reached agreements to settle charges levelled against them by the SEC.

RBS fails to block Highland's $100 milion CDO lawsuit
Reuters reports that RBS has failed in its bid to block Highland Capital from filing a lawsuit against the bank over a CDO warehouse set-up at the end of 2008

Wrangle over Liberty CLO takes a new turn as Highland files lawsuit
The tussle for control over Liberty CLO took another turn last week as Highland Capital filed a lawsuit against Citi and Babson

Highland files CLO warehouse lawsuit against lawyers, reports Reuters
Highland is suing law firm Orrick, Herrington and Sutcliffe over a 2008 CDO which failed to launch