Black Diamond Can't Flip Barclays' Win In Contract Fight

Law360 (October 8, 2019, 5:00 PM EDT) -- A New York appeals court declined Tuesday to resurrect a decade-old lawsuit brought against Barclays Bank PLC in a dispute over whether the bank defaulted on a hedge fund's derivatives contract in the height of the 2008 financial crisis.

A panel of five judges unanimously affirmed a Manhattan judge's finding in December that Barclays is not liable to a unit of hedge fund Black Diamond Capital Management LLC on a claim for breach of contract.

In a brief order, the panel said that a "fair interpretation of the evidence" supports New York Supreme Court Judge Eileen Bransten's conclusion that Barclays substantially...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!