Legal Opinion
Citibank, N.A. v. United Subcontractors, Inc.
District Court, S.D. New York
Decided October 8, 2008No. 08 Civ. 00569(MGC)PublishedCited by 1 opinion
1Opinion of the Court
OPINION
MIRIAM GOLDMAN CEDARBAUM, District Judge.
This diversity action arises out of a swap agreement entered into by the parties to hedge interest payments on a $335 million credit agreement. Citibank, N.A., terminated its swap agreement with United Subcontractors, Inc., and filed a complaint seeking $2,751,333, 1 plus interest, allegedly owed by United Subcontractors under the agreement. United Subcontractors counterclaimed for breach of contract. Citibank now moves for summary judgment under Fed.R.Civ.P. 56.
BACKGROUND
The parties have agreed to the following facts. On December 27, 2005,…
2Cases cited9 opinions
- 511 West 232nd Owners Corp. v. Jennifer Realty Co.New York Court of Appeals · 2002
- Dalton v. Educational Testing ServiceNew York Court of Appeals · 1995
- Van Valkenburgh, Nooger & Neville, Inc. v. Hayden Publishing Co.New York Court of Appeals · 1972
- Joseph v. Creek & Pines, Ltd.Appellate Division of the Supreme Court of the State of New York · 1995
- Suthers v. Amgen Inc.District Court, S.D. New York · 2006
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3Cited by1 opinion
- Ally Financial Inc. v. Wells Fargo Bank, N.A. (In re Residential Capital, LLC)United States Bankruptcy Court, S.D. New York · 2015