Andrews' Bank & Lender Liability Litigation Reporter
February 23, 2001
Interest Rate Swaps
Copyright (c) 2001 Andrews Publications
BANK LOSES BREACH ACTION ON SWAP AGREEMENT
First Nat'l Bank of Chicago v. Ackerley Communications
First National Bank of Chicago lacked credibility on a disputed contract performance question and the bank's expert witness was “wholly unbelieveable,” a Manhattan federal judge said, dismissing the bank's derivatives breach-of-contract suit against...