Kasowitz Settles Claims on Behalf of Clients MetLife and Lloyds TSB

Kasowitz Settles Claims on Behalf of Clients MetLife and Lloyds TSB

On February 20, 2008, Kasowitz reached a settlement of the claims of clients MetLife and Lloyds TSB against JPMorgan Chase Bank, Bank One, and BancOne Capital Markets relating to the fraud at National Century Financial Enterprises ("NCFE").  MetLife and Lloyds TSB collectively held approximately $250 million face value of NCFE notes, and sued these defendants and others to recover their losses after NCFE filed for bankruptcy protection.  Kasowitz partners Cindy Caranella Kelly and James J. Stricker and Associate Sarah Gibbs Leivick represent MetLife and Lloyds TSB in this matter.