Highland CDO Opportunity Master Fund, L.P. v. Citibank, N.A.

MEMORANDUM AND ORDER

NAOMI REICE BUCHWALD, UNITED STATES DISTRICT JUDGE

Before the Court are cross-motions for summary judgment on counterclaim plaintiff Citi’s counterclaims and veil piercing claims.1 Citi seeks to hold counterclaim defendant Highland CDO Opportunity Master Fund, L.P. (“CDO Fund”) liable for a $24 million deficit and for indemnifí-cation in connection with certain credit default swap agreements. Citi also seeks to hold counterclaim defendants Highland Capital Management, L.P. (“HCM”) and Highland CDO Opportunity Fund GP, L.P. (“Highland GP,” and together with CDO Fund and HCM,…