News
Alan H. Scheiner Publishes "The Next Wave: Developments in Credit Default Swap Litigation" in Business Law Today
The Next Wave: Developments in Credit Default Swap Litigation, by LLF Counsel Alan H. Scheiner, appears in the May/June 2009 issue of Business Law Today, Volume 18, Number 5, a publication of the American Bar Association.
The article describes recent developments in litigation concerning CDS contracts, the credit derivatives largely responsible for the near collapse of AIG. CDS contracts represent a $54 trillion market and are likely to generate a new wave of litigation in the near future. The article examines judicial decisions concerning margin call disputes and credit event definitions, among other issues.
A reprint of the article is available for download with the permission of the ABA.
Levi Lubarsky & Feigenbaum llp