Citi Swap Provider Pleads For Ruling In Contract Dispute

Law360, New York (May 3, 2010, 6:42 PM EDT) -- Investor firm CFIP Master Fund Ltd. on Monday asked for a ruling that it was wronged by Citigroup Inc. and U.S. Bank NA in a credit default swap agreement rigged to hedge against debt in companies that included recent bankruptcy-seekers LyondellBasell Industries and Charter Communications Inc.

Christopher Paul Johnson, an attorney with Kasowitz Benson Torres & Friedman LLP who is representing the fund, argued for summary judgment before Judge Jed S. Rakoff on Monday in the U.S. District Court for the Southern District of New York...
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