Compass Lexecon affiliate David K.A. Mordecai advised Kellogg, Huber, Hansen, Todd, Evans & Figel, P.L.L.C. and its client, The Anschutz Corporation, in a multimillion dollar securities dispute against a global banking institution and certain credit rating agencies. The dispute involved substantial investment losses related to a series of structured instruments which employed Auction Rate Securities to fund a complex structured transaction which involved Asset Swaps, Medium Term Notes, and Credit Linked Notes referencing the returns underlying a Leveraged Supersenior tranche of a CDS index. Dr. Mordecai was assisted in his analysis by David Ross and Peter Clayburgh, as well as a support team which included George Hickey, Quinn Johnson, and Agustina Levy. The dispute was settled on favorable terms for the client.