New York Court of Appeals
Oddo Asset Management v. Barclays Bank PLC
June 27, 201219 N.Y.3d 584
Summary
The New York Court of Appeals affirmed the dismissal of Oddo Asset Management's claims, holding that the collateral managers of the SIV‑Lites owed no fiduciary duty to Oddo and that Barclays failed to state a claim for tortious interference with contract because no underlying breach existed.