Legal Opinion

MKP Master Fund, LDC v. Salomon Smith Barney, Inc.

Appellate Division of the Supreme Court of the State of New York

Decided October 5, 2004Published

1Opinion of the Court

*219Order, Supreme Court, New York County (Charles Edward Ramos, J.), entered July 10, 2003, which, to the extent appealed from, granted defendant’s motion for summary judgment and denied plaintiff MKP Master Fund’s motion for summary judgment on two of its claims and on defendant’s counterclaim, unanimously affirmed, with costs.

Plaintiff managers of an investment hedge fund allege an oral agreement with their broker-dealer, binding the latter to accept so-called “bonds-in-a-box” in meeting the fund’s brokerage obligations for the life of the relationship, and that defendant breached such…

2Cases cited1 opinion

  1. Blittner v. Friesch-Groningshe Hypotheebank Realty Credit CorporationAppellate Division of the Supreme Court of the State of New York · 1995

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