Aon Financial Products, Inc. v. Société Générale
Court of Appeals for the Second Circuit
1Opinion of the Court
SACK, Circuit Judge:
On August 8, 2000, the plaintiffs, Aon Corp. and its subsidiary, Aon Financial Products, Inc. (“AFP”, together “Aon”), brought suit in the United States District Court for the Southern District of New York seeking recovery in breach of contract against Société Générale (“SG”) under a $10 million credit default swap agreement1 between them dated March 8, 1999 (the “Aon/SG CDS contract”).
The Aon/SG CDS contract provides that if a “Credit Event” occurs before the defined “Termination Date” of the agreement and Aon notifies SG of that Credit Event, then SG must pay Aon $10…
2Cases cited8 opinions
- Singleton v. WulffSupreme Court of the United States · 1976
- Eternity Global Master Fund Limited v. Morgan Guaranty Trust Company of New York and Jpmorgan Chase BankCourt of Appeals for the Second Circuit · 2004
- First National City Bank v. Banco Para El Comercio Exterior De CubaSupreme Court of the United States · 1983
- Stella Chertkova v. Connecticut General Life Insurance Co.Court of Appeals for the Second Circuit · 1996
- Krumme v. WestPoint Stevens Inc.Court of Appeals for the Second Circuit · 2000
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3Cited by1 opinion
- Aon Financial Products, Inc. v. Société GénéraleCourt of Appeals for the Second Circuit · 2007