Calyon sues Mizuho over CDO team lift-out

- Risk Staff
- 01 Apr 2007

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

Calyon is suing the US and international subsidiaries of Japanese bank Mizuho for $750 million for poaching a team of 11 of its cash CDO bankers in New York. The 11 staff are also individually named as defendants.

In its suit filed with the Manhattan Federal Court in New York on March 15, the French bank claims Mizuho formulated an "illicit scheme" to effect the team move.

The team left Calyon on December 8, accepting positions at Mizuho the same day, according to the complaint. It says the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact info@risk.net to find out more.

You are currently unable to copy this content. Please contact info@risk.net to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@risk.net

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@risk.net

You already have an account with us*. Sign in below to continue.