Greek Crisis Warrant Holders Tap White & Case in Price Feud (2)

Several large institutional holders of Greek GDP-linked warrants have banded together and hired White & Case as a legal advisor, after the government last week brought a dispute over the securities to a UK court.

The ad hoc group, which owns or controls more than 40% of the outstanding warrants, was formed to “consider certain matters related to the recent purported exercise” of the purchase option, the law firm said in a statement on Thursday. The group is concerned over the calculation of the call price in particular, it said.

Greece’s government earlier this month brought a suit ...