QVT Fund v. Eurohypo

Summary

In this financial services litigation hearing on motion to stay discovery and dismiss, defendant Eurohypo Capital Funding LLC’s counsels argued that the lawsuit brought against the bank by the plaintiff QVT Fund LP must be dismissed because a similar proceeding was also ongoing against the defendant in Germany. In the lawsuit, QVT Fund LP alleged that the defendant which is a subsidiary of Germany’s Commerzbank Group, didn’t paid the plaintiff for the investment made by the plaintiff in profit dependent securities which the defendant had used to raise capital thereby violating contractual obligation.

The plaintiff was represented by attorney Robert Juman. The defendant was represented by attorney Amanda Gallager.