JUDGE OKS MORGAN STANLEY COUNTERCLAIM FOR REFORMATION OF SWAP AGREEMENT Citibank v. Morgan Stanley & Co. | Secondary Sources | Westlaw

JUDGE OKS MORGAN STANLEY COUNTERCLAIM FOR REFORMATION OF SWAP AGREEMENT Citibank v. Morgan Stanley & Co. | Secondary Sources | Westlaw

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16 No. 26 Westlaw Journal Derivatives 5
Westlaw Journal Derivatives
*1 November 10, 2010
Credit Default Swaps
Copyright © 2010 Thomson Reuters .

JUDGE OKS MORGAN STANLEY COUNTERCLAIM FOR REFORMATION OF SWAP AGREEMENT

Citibank v. Morgan Stanley & Co.

Morgan Stanley sufficiently alleged that it may have had the right to consent to any liquidation of assets pertinent to a credit default swap with Citibank even though the alleged agreement was not put in writing, a federal judge has ruled.
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