Banca Generali Wins Legal Bid to See Problem Loan Documents

A London judge has ruled Banca Generali SpA should have access to underlying documents behind 344 million euros ($358 million) worth of securitizations it sold to its clients.

The Italian wealth manager asked a court to compel CFE Finance, from which it purchased emerging-market credit securitizations, to provide it with documents relating to the underlying assets at a hearing last month. Banca Generali said that CFE had previously changed the information it provided about the assets, and wanted to see the documents for itself to price the notes.

Banca Generali “does not have a clear basis to determine that what ...