Itaú Added as a Defendant in Cartica’s U.S. Federal Court Lawsuit to Enjoin the Closing of the Itaú Unibanco – CorpBanca Combination

June 12, 2014

Press Releases

Complaint Continues to Seek Declaration that Defendants are in Violation of Anti-Fraud Provisions of the U.S. Securities Exchange Act

…

NEW YORK, June 12, 2014. Cartica Management, LLC yesterday amended its complaint in the matter of Cartica v. CorpBanca, Saieh, et al. (Case No.: 14-CV-2258 (PKC)) to, among other things, include Itaú Unibanco Holding S.A. (ITUB) and Banco Itaú Chile (together, “Itaú”) as Defendants along with CorpBanca S.A. (BCA) and Álvaro Saieh, its controlling shareholder. Other Defendants include CorpBanca’s Directors, its Chief Executive Officer, and its Chief Financial Officer; and Saieh’s holding companies (together, “CorpGroup”). The complaint alleges Saieh, Itaú, CorpBanca and the other Defendants committed violations of anti-fraud provisions and disclosure requirements of the United States Securities Exchange Act of 1934. The complaint seeks to enjoin the closing of the proposed transaction. The case is pending in the United States District Court of the Southern District of New York.

…

Click here for the original version.