Legal Opinion
Oddo Asset Management v. Barclays Bank PLC
New York Court of Appeals
Decided June 27, 2012PublishedCited by 67 opinions
1Opinion of the Court
OPINION OF THE COURT
Chief Judge Lippman.
Following the collapse of two investment vehicles, known as SIV-Lites, Oddo Asset Management (Oddo) commenced this action against Barclays Bank PLC, Barclays Capital Inc. (collectively, Barclays), and the McGraw-Hill Companies, Inc. (parent company of Standard & Poor’s) claiming aiding and abetting breach of fiduciary duty and tortious interference with contract. For the reasons that follow, we conclude that the collateral managers appointed to oversee the assets of the SIV-Lites did not owe a fiduciary duty to plaintiff, and plaintiff failed to state a…
2Cases cited9 opinions
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- EBC I, Inc. v. Goldman, Sachs & Co.New York Court of Appeals · 2005
- Northeast General Corp. v. Wellington Advertising, Inc.New York Court of Appeals · 1993
- SNS Bank v. CitibankAppellate Division of the Supreme Court of the State of New York · 2004
- RONI LLC v. ArfaNew York Court of Appeals · 2011
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3Cited by67 opinions
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