New York-based hedge fund HBK Investments has filed suit against JP Morgan in the Southern District Court of New York, demanding payment on a $4 million credit default swap contract. A Dow Jones report said that at stake in the HBK suit is whether the Argentine government’s swap – under contracts governed by the International Swaps & Derivatives Association constitutes a “credit event.”
Hedge Fund Sues JP Morgan on $4 mln Swap Deal
New York based hedge fund HBK Investments has filed suit against JP Morgan in the Southern District Court of New York, demanding payment on a $4 million credit default swap contract. A Dow Jones report said that at stake in