CDO's Credit Default Swap Beef With Wachovia Killed

Law360, New York (August 18, 2010, 2:45 PM EDT) -- A federal judge has dismissed the last claim standing in a hedge fund’s suit accusing Wachovia Bank NA of reneging on a credit default swap deal, ruling that CDO Plus Master Fund Ltd. failed to provide evidence that the bank didn’t live up to its end of the agreement.

Judge Laura Taylor Swain of the U.S. District Court for the Southern District of New York killed the claim for breach of the covenant of good faith and fair dealing on Monday, more than a year after...
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