CITIBANK, N.A. v. UNITED SUBCONTRACTORS, INC.

No. 08 Civ. 00569(MGC).

581 F.Supp.2d 640 (2008)

CITIBANK, N.A., Plaintiff, v. UNITED SUBCONTRACTORS, INC., Defendant.

United States District Court, S.D. New York.

October 8, 2008.


Attorney(s) appearing for the Case

Marshall H. Fishman, Esq., Erin E. Oshiro, Esq., Kramer Levin Naftalis & Frankel LLP, New York, NY, for Plaintiff.

Robert B. Bernstein, Esq., Jeffrey E. Gross, Esq., Vandenberg & Feliu LLP, New York, NY, for Defendant.


OPINION

MIRIAM GOLDMAN CEDARBAUM, District Judge.

This diversity action arises out of a swap agreement entered into by the parties to hedge interest payments on a $335 million credit agreement. Citibank, N.A., terminated its swap agreement with United Subcontractors, Inc., and filed a complaint seeking $2,751,333,1 plus interest, allegedly owed by United Subcontractors under...

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