Won summary judgment and confidential resolution for institutional investors in $304 million CoBank note redemption dispute
Plaintiff(s):
AMCO Insurance Co. and 36 other institutional investors
Case type / claims:
Action by investors holding $304 million (75%) of 7.875% Subordinated Notes alleging impermissible early redemption in violation of bond terms.
Defendant(s):
CoBank, ACB
Jurisdiction:
U.S. District Court for the Southern District of New York
Year:
2024
Outcome:
- Grant & Eisenhofer obtained a summary judgment win as to liability.
- Confidential resolution subsequently secured.
