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Seventh Circuit Issues Significant Opinion Affecting Fairness Opinion Practice

March 13, 2008

By Charles Baker and Karoline Hinga

On February 20, 2008, the Seventh Circuit issued an opinion in a case called HA 2003 Liquidating Trust v. Credit Suisse Securities LLC, which is the most instructive court decision in several years impacting fairness opinion practice and the rendering investment banks potential liability exposure.