Court of Appeals of New York
Racepoint Ptnrs., LLC v. JPMorgan Chase Bank, N.A., 6
In an action claiming that defendant indenture trustee had actual knowledge of Enron's default on the indentures at issue, and that its failure to notify Enron and the noteholders of the default constituted a breach of the indenture agreement, the appellate division's order dismissing the complaint is affirmed where indenture agreements containing the required delivery provisions pursuant to section 314 (a) of the Trust Indenture Act referred to the Exchange Act only to identify the types of report that should be forwarded to indenture trustees, and did not create contractual duties on the part of the trustee to assure that the information contained in any report filed was true and accurate.
Appellate Information
- Decided 04/01/2010
- Published 04/01/2010
Judges
Court
- Court of Appeals of New York