Posts in Michelle Malone
Sadis Defeats Motions to Dismiss Key Claims in Premium Point Lawsuit

An attorney for SkyBridge, Samuel Lieberman (Partner), argued U.S. Bank had accepted a heightened duty in its role as fund administrator to independently verify that a strict valuation policy was being adhered to at Premium Point. U.S. Bank agreed to these terms in order to reap fees from SkyBridge, which would become Premium Point’s largest investor with a $365 million stake.

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