Cases & Deals

KeyCorp defends securities class action related to effects of rising interest rates on liquidity and net interest income

Client(s) KeyCorp

Jones Day is representing KeyCorp, the holding company for a large regional bank, and several of its current and former officers in a securities class action that was filed in the wake of the banking crisis in early 2023. The plaintiffs allege that the defendants made misstatements about the effects of rising interest rates on Key's business, including its liquidity and net interest income.

Gurevitch v. KeyCorp et al., No. 1:23-cv-01520 (N.D. Ohio)