| Derivatives
Contract Failure From Iowa to Mexico
Triggers SDNY Suit and Mediation
By Matthew
Russell Lee, Patreon
BBC
- Guardian
UK - Honduras
- ESPN
SDNY COURTHOUSE,
Dec 18 –
Iowa-based INTL FCStone
Markets has sued Intercambio
Mexicano de Comercio over
failure to pay on an over the
counter derivatives
contract.
On December 17, U.S. District
Court for the Southern
District of New York
Judge Alvin K. Hellerstein
held a proceeding. Inner City
Press covered it.
Judge
Hellerstein, to the point as
usual, said that a key issue
the jury waiver, and the
contract itself. The parties
had proposed another
conference before him on June
29, 2022. But that is not a
Friday, Judge Hellerstein's
favored day for such
conferences, so it was moved
to July 8.
Talk
turned to mediation. One side
brought up Bob Adams, Judge
Hellerstein mentioned Lawrence
Kobrin, in senior status with
Cahill Gordon.
He asked the
parties to submit a joint
letter with a mediator
name.
The case is
INTL FCStone Markets, LLC v.
Intercambio Mexicano de
Comercio S.A. de C.V.,
18-cv-1004
(Hellerstein)
***
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