Hola a todos. No escribo nunca en este foro pero os leo regularmente. Me atrevo a escribir porque he hojeado el informe 2016 de Carbures y me ha llamado la atención que no dan por zanjado el pleito con EMI. Sin embargo creo que, si no lo entiendo mal, en la sentencia que os adjunto, se da por finalizado el asunto y la Corte de Apelaciones del Tribunal Supremo de Estados Unidos le da la razón a EMI. Mi inglés está oxidado pero creo entender eso y pensé que os podría intersar. Un saludo: http://law.justia.com/cases/new-york/appellate-division-first-department/2017/3307-653892-15.html Carbures Europe, S.A. v Emerging Mkts. Intrinsic Cayman Ltd. Carbures Europe, S.A. v Emerging Mkts. Intrinsic Cayman Ltd. 2017 NY Slip Op 01631 Decided on March 2, 2017 Appellate Division, First Department Published by New York State Law Reporting Bureau pursuant to Judiciary Law § 431. This opinion is uncorrected and subject to revision before publication in the Official Reports. Decided on March 2, 2017 Friedman, J.P., Andrias, Feinman, Kapnick, Gesmer, JJ. 3307 653892/15 [*1]Carbures Europe, S.A., et al., Plaintiffs-Appellants-Respondents, Order, Supreme Court, New York County (Saliann Scarpulla, J.), entered on or about June 9, 2016, which, to the extent appealed from as limited by the briefs, granted defendants Emerging Markets Intrinsic Cayman Ltd. and Emerging Markets Intrinsic Ltd.'s motion to dismiss the claims for fraud and breach of the implied covenant of good faith and fair dealing as against them, and denied the motion to dismiss the breach of contract claim as against them, unanimously modified, on the law, to grant the motion as to the breach of contract claim as against defendant Emerging Markets Intrinsic Ltd., and otherwise affirmed, without costs. Pursuant to a Margin Lending Agreement (MLA), defendant EMI Markets Intrinsic Cayman Ltd. (EMI Cayman) agreed to lend plaintiff Carbures Europe, S.A. million in exchange for million worth of Carbures stock as collateral for the repayment of the loan. The MLA provides, as relevant, that, except upon an event of default or as a hedge, the collateral "will not be (i) loaned, pledged, repledged, hypothecated or rehypothecated outside of the Lender or structure itself or (ii) sold or traded in any exchange or over-the-counter transactions." Plaintiffs allege that EMI Cayman repeatedly sold and lent the collateral shares, in contravention of the MLA, which caused the share price to decline. (...)