Federal Judge: Bad Blood Over Unrelated Bankruptcy Case Not Grounds to Demand Contract Assurances
“Given that Kearsarge rejected any attempt at cooperation with Skyview, it was unreasonable for it to demand assurances in the form of a bond or letter of credit,” stated Judge Patti B. Saris. “Despite a record of full performance between the parties, Kearsarge’s demand for a surety for the full notional value of the outstanding trades further supports this conclusion.”
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