As discussed in November 12, 2008 Mexico Law Blog post, JP Morgan Chase and several other banks have filed lawsuits against Mexican supermarket operator Controladora Comercial Mexicana (CCM) (MXK: COMERCIUBC) alleging breach by CCM of its exchange-rate derivative contracts.  

We have not yet had the opportunity to review the court filings, but based on our own research, as of November 14, 2008, the claims against CCM in New York state courts appear to consist of the following:

  • JP Morgan Chase Bank N.A. v. Controladora Comercial Mexicana, filed on November 6, 2008, New York County, Case Number 603215/2008.
  • Barclays Bank PLC v. Controladora Comercial Mexicana, filed on November 6, 2008, New York County, Case Number 603233/2008.
  • J Aron & Co v. Controladora Comercial Mexicana, filed on November 6, 2008, New York County, Case Number 603225/2008.
  • Merrill Lynch Capital Svcs Inc. v.  Controladora Comercial Mexicana, filed on November 6, 2008, New York County, Case Number 603214/2008.