New York Supreme Court kicks Italian CMBS dispute to Milan

A legal battle between US private equity firm Blackstone and Italian media group RCS over an Italian CMBS will be settled in Milan, the New York state Supreme Court decided on Wednesday.

  • By Tom Brown
  • 25 Apr 2019

Justice Saliann Scarpulla ruled that the case would be put on hold following the outcome of the Italian arbitration. The process could take up to a year, according to sources.

Urbano Cairo, a former assistant of ex-Prime Minister of Italy Silvio Berlusconi, who heads RCS, sold the securitized ...

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1 BNP Paribas 5,997 17 15.40
2 Citi 4,679 16 12.02
3 Lloyds Bank 3,158 6 8.11
4 Bank of America Merrill Lynch (BAML) 3,104 10 7.97
5 Morgan Stanley 3,066 8 7.88

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3 Wells Fargo Securities 50,770.30 154 7.76%
4 Bank of America Merrill Lynch 50,061.19 163 7.66%
5 Credit Suisse 45,499.96 141 6.96%