Legal Opinion
Citibank, N.A. v. Morgan Stanley & Co. International, PLC
District Court, S.D. New York
Decided May 25, 2011No. 09 Civ. 8197(SAS)PublishedCited by 2 opinions
1Opinion of the Court
OPINION AND ORDER
SHIRAA. SCHEINDLIN, District Judge.
I. INTRODUCTION
This case arises out of a dispute over a credit default swap (“CDS”) agreement between two of the most sophisticated financial institutions in the world — Citibank, N.A. (“Citibank”) and Morgan Stanley & Co. International, PLC (“MSIP”). In an opinion and order dated May 12, 2010 (the “May 12 Opinion”), I concluded that MSIP breached the unambiguous terms of that agreement. 1 Accordingly, I granted judgment on the pleadings to Citibank on its sole claim for breach of contract and dismissed MSIP’s two mirror-image counterclaims.…
2Cases cited22 opinions
- Chimart Associates v. PaulNew York Court of Appeals · 1986
- George Backer Management Corp. v. Acme Quilting Co.New York Court of Appeals · 1978
- Pritchard v. County of ErieCourt of Appeals for the Second Circuit · 2008
- James J. Collins, Jr. v. Judith Harrison-Bode, Monet Group, Inc., Monet Group Holdings, Inc.Court of Appeals for the Second Circuit · 2002
- Investors Insurance Company of America, Cross-Appellee v. Dorinco Reinsurance Company, Cross-AppellantCourt of Appeals for the Second Circuit · 1990
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3Cited by2 opinions
- JP Morgan Chase Bank, N.A. v. WingetDistrict Court, E.D. Michigan · 2012
- Cooper v. CooperDistrict Court, E.D. New York · 2022