‘In March 2023, the US court rejected LBIE’s request for US$485 million in damages over the alleged incorrect valuation, instead finding that AGFP had reasonably calculated the value of the terminated transactions. AGFP claims that LBIE owes it US$20 million from the credit default swaps.’
The judge opined in his ruling that LBIE’s valuation on this case is baseless and vastly overblown while the valuation from the AGFP side is properly substantiated by acceptable practice in the profession. Reading that, I believe that LBIE has little chance to get its request to appeal approved. Let’s just get done!
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