U.S. Bank National Association v. Triaxx Prime CDO 2006-1 ltd. et al, No. 1:2015cv10172 - Document 113 (S.D.N.Y. 2016)

Court Description: MEMORANDUM & ORDER granting 57 Motion for Summary Judgment. South Tryon, LLC's motion for summary judgment (ECF No. 57) is granted. This Court hereby: (1) declares that the Three Year Defaulted Securities listed in Appendix A of the Decl aration of Jonathan E. Pickhardt (ECF No. 60), constitute Defaulted Securities and became Defaulted Securities three or more years prior to the date of this Memorandum & Order; (2) directs Triaxx Prime CDO 2006-1, Ltd., through its collateral m anager Triaxx Asset Management, LLC, to effect the sale of the Three Year Defaulted Securities within thirty days, in accord with Section 12.1(b) of the Indenture; and (3) orders Triaxx Asset Management, LLC to effect the sale any future Three Y ear Defaulted Securities within three years of the date when they become Defaulted Securities in accord with the procedures set forth in Section 12.1(b) of the Indenture. The Clerk of Court is directed to close this case, without prejudice to an y application to reopen so long as such an application is made within 30 days of this Memorandum and Order. Any such application should explain what relief the applicant seeks. (As further set forth in this Memorandum & Order.) (Signed by Judge William H. Pauley, III on 6/23/2016) (mro)

Download PDF
U.S. Bank National Association v. Triaxx Prime CDO 2006-1 ltd. et al Doc. 113 Dockets.Justia.com

Some case metadata and case summaries were written with the help of AI, which can produce inaccuracies. You should read the full case before relying on it for legal research purposes.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.