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Legal News

Cahill Secures Temporary Restraining Order on Behalf of Deutsche Bank

Date: 02/08/18

A Cahill litigation team prevailed on behalf of Deutsche Bank AG in securing a temporary restraining order in the Delaware Court of Chancery over the proceeds from a private equity interest that Sebastian Holdings, Inc., an offshore investment fund run by billionaire Alexander Vik, fraudulently transferred to another offshore entity affiliated with Vik. In November 2017, Deutsche Bank sued those two entities, as well as the private equity fund, asserting various claims, including fraud and conspiracy to commit fraud. On January 29, 2018, Chancellor Andre G. Bouchard granted Deutsche Bank’s motion for a temporary restraining order.