United States Second Circuit
Orchard Hill Master Fund Ltd. v. SBA Communications Corp., 15-3462
In a breach of contract suit in which plaintiffs held two convertible notes issued by defendant that contained a conversion option allowing the holders to forego repayment of the principal in exchange for equity shares or cash in the defendant company, and after conversion defendant did not pay plaintiffs the accrued interest on the notes, the District Court's dismissal is affirmed where the plain terms of the indentures do not entitle the plaintiffs to the final interest payment they seek.
Appellate Information
- Published 2016/07/21
Judges
- HALL
Court
- United States Second Circuit