Selected Cases

MKP Master Fund LDC v. Salomon Smith Barney

Analysis Group was retained by the law firm of Cravath, Swaine & Moore on behalf of defendant Salomon Smith Barney (SSB) in a securities litigation. MKP Master Fund LDC, a hedge fund, faced margin calls in excess of $100 million from its prime broker, SSB. MKP sued, contending that had SSB not forced the fund to liquidate its portfolio to meet the margin call, the portfolio value would have been worth over $200 million more one month later. An Analysis Group team led by Managing Principal Nicholas Crew supported our academic experts in demonstrating that deteriorating market conditions and the portfolio composition precipitated the margin call. SSB won summary judgment on all nine counts.