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SYNCORA GUARANTEE INC. v. HSBC MEXICO, S.A.

No. 11 Civ. 5353(RMB).

861 F.Supp.2d 252 (2012)

SYNCORA GUARANTEE INC., Plaintiff, v. HSBC MÉXICO, S.A., Institución De Banca Múltiple, Grupo Financiero HSBC, División Fiduciaria, Defendant.

United States District Court, S.D. New York.

March 20, 2012.

Attorney(s) appearing for the Case

Kenneth E. Lee Levine Lee LLP, New York, NY, for Plaintiff.

Francis A. Vasquez, Jr., White & Case LLP, Washington, DC, for Defendant.

DECISION & ORDER

RICHARD M. BERMAN, District Judge.

I. Introduction

At the core of this dispute is the question whether and how this case should relate to a parallel arbitration currently pending before the International Chamber of Commerce ("ICC") in New York City and involving substantially similar claims to those presented here. On July 8, 2011, Syncora Guarantee Inc., the plaintiff in this case ("Plaintiff or "Syncora"), initiated...

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