ABN Amro and S&P could face European CPDO suit

European banks and pension funds are seeking redress over CPDO ratings, and claims against issuers of other structured credit products could follow


A number of European banks and pension funds are looking to sue ABN Amro and Standard and Poor's (S&P) in the Netherlands over the AAA ratings given to constant proportion debt obligations (CPDOs) issued in 2006 and 2007 – and other structured credit products may be next.

Within the next month, securities litigation funder IMF Australia expects to contact ABN Amro and S&P to discuss a potential settlement on behalf of a number of CPDO investors in Austria, Germany and the Netherlands, according

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