Cartica launches lawsuit against Corpbanca

Cartica launches lawsuit against Corpbanca

M&A

Cartica has filed a lawsuit in New York in protest at the terms of the merger between the Chilean unit of Brazilian lender Itau and CorpBanca, Chile’s fourth biggest bank. The emerging markets fund manager, which owns 3.2% of CorpBanca, said on Tuesday that CorpBanca and its controlling shareholder –billionaire Alvaro Saieh’s CorpGroup – were in violation of US anti-fraud and disclosure regulations. It has asked the court to block the merger. CorpBanca’s position is that the deal – potentially L

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