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AMBAC ASSUR. v. ADELANTO PUBLIC UTILITY AUTHORITY

No. 09 Civ. 5087(JFK).

696 F.Supp.2d 396 (2010)

AMBAC ASSURANCE CORPORATION, Plaintiff, v. ADELANTO PUBLIC UTILITY AUTHORITY, Defendant.

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

March 15, 2010.

Attorney(s) appearing for the Case

David W. Dykhouse, Esq., Robert P. LoBue, Esq., Patterson Belknap Webb & Tyler LLP, for Plaintiff Ambac Assurance Corporation.

William M. Marticorena, Esq., A. Patrick Munoz, Esq., Todd O. Litfin, Esq., Rutan & Tucker, LLP, Michael S. O'Reilly, Esq., E. Evans Wohlforth, Jr., Esq., Gibbons P.C., for Defendant Adelanto Public Utility Authority.

Opinion and Order

JOHN F. KEENAN, District Judge.

This action arises from the early termination of an interest rate swap agreement between Piper Jaffray & Company ("Piper Jaffray") and defendant Adelanto Public Utility Authority (the "Authority" or "Defendant"). Plaintiff Ambac Assurance Corporation ("Ambac" or "Plaintiff"), a surety to the agreement, brings claims for reimbursement, breach of contract, and specific performance as a result of...

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