Funds Sue Deutsche Bank For $22M In Swaps Spat

Law360, New York (April 7, 2010, 2:19 PM EDT) -- Two hedge funds are suing Deutsche Bank AG in New York state court seeking the return of more than $22 million in collateral they posted for credit default swaps, accusing the banking giant of breaching its contracts with respect to the swap agreements.

Good Hill Master Fund LP and Good Hill Master Fund II LP filed a complaint against Deutsche Bank on Monday in the New York County Supreme Court, seeking a return of the collateral plus interest, as well as an award of costs and...
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