Credit Agricole SA, France’s third-biggest lender, won dismissal of lawsuit brought by Intesa Sanpaolo SpA over claims it was defrauded in a collateralized debt obligation investment.

U.S. District Judge Robert W. Sweet in Manhattan yesterday ruled that Intesa’s claims were time-barred, having been filed “exactly one month too late.” Sweet said Intesa could file another complaint within 20 days.

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

30-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry