Legal Opinion
Citibank, N.A. v. Morgan Stanley & Co. International
District Court, S.D. New York
Decided May 12, 2010No. 09 Civ. 8197(SAS)PublishedCited by 6 opinions
1Opinion of the Court
OPINION AND ORDER
SHIRA A. SCHEINDLIN, District Judge:
I. INTRODUCTION
This case involves yet another high-stakes dispute arising from the recent economic turmoil. While the financial instruments around which this action revolves are complex, the Court’s current task is straightforward: to ascertain whether a contract between financial titans Citibank, N.A. (“Citibank”) and Morgan Stanley & Co. International, PLC (“MSIP”) is unambiguous. Specifically, the question presented is whether Citibank breached the terms of a credit default swap when Citibank ordered the liquidation of a security without…
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3Cited by6 opinions
- Citibank, N.A. v. Morgan Stanley & Co. InternationalDistrict Court, S.D. New York · 2010
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