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Cite as: Barclays Capital Inc. v. Theflyonthewall.com, Inc., 10-1372-cv, NYLJ 1202498007313, at *1 (2d Cir., Decided June 20, 2011)Before: Pooler, Sack, and Rag
Lehman argues that a provision in numerous credit default swap agreements that caused Lehman to lose its priority payment status when it filed for bankruptcy violates the Bankruptcy Code.
This was bound to happen: An activist fund is demanding that companies reconsider--under threat of derivative suits--the pay packages they've bestowed on their executives.
Regular Citi litigation counsel Paul Weiss doesn't like to sue other banks, so Citi has tapped Greg Joseph, whom it previously called upon in the litigation over its aborted Wachovia deal. But Morgan Stanley's defense counsel in Citi's swap suit is the real surprise: Quinn Emanuel.
Bank Lobby Puts Heat on Fannie Mae
A banking coalition -- including the CEO of Chase Manhattan -- headed to Capitol Hill last week to battle $609 billion mortgage giant Fannie Mae and its little brother Freddie Mac in an attempt to prevent their encroachment into the core financial markets of the private sector. Evoking images of David and Goliath, the struggle may crack Fannie and Freddie's long perceived invincibility on the Hill.Daily Decision Service Alert: Vol. 19, No. 47 - March 11 2010
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