Calyon Sues Mizuho, Ex-Staffers, For Damages

March 2007
High Yield Report;3/26/2007, Vol. 18 Issue 12, p3
The article reports on the lawsuit filed by Calyon SG, a unit of French bank Credit Agricole SA, against Mizuho Securities USA and its top collateralized debt obligation (CDO) bankers in the U.S. Calyon sought $150 million in compensatory damages and $600 million in punitive damages. Furthermore, the company requested the court to stop new CDO team of Mizuho from working on any deals with customers that had previously negotiated with Calyon.


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