Satterlee Stephens LLP Represents JPMorgan Chase Bank in Litigation with MF Global Trustee over Close-out of ISDA Foreign Exchange Transactions


Satterlee Stephens LLP successfully represented JPMorgan Chase Bank, N.A. in its proof of claim filed in the MF Global bankruptcy in the United States Bankruptcy Court for the Southern District of New York.   The MF Global Trustee challenged JPMorgan’s calculation of the amount it was owed following the early termination of ISDA foreign exchange agreements between the bank and an MF Global affiliate.  The bank’s claim was allowed following a settlement between the parties.  Satterlee attorneys Timothy Brock and Charles Keeley  represented JPMorgan Chase Bank in the bankruptcy  proceeding.