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AHW Investment Partnership v. Citigroup Inc.
Case Number:
13-4488
Court:
Nature of Suit:
Companies
Sectors & Industries:
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August 05, 2016
2nd Circ. Says Citi Investors Can't Recoup $800M RMBS Loss
The Second Circuit on Friday ruled that investment trusts controlled by insurance executive Arthur L. Williams and his wife, Angela, can't sue Citigroup Inc. for allegedly duping them into keeping shares that dropped during the financial crisis because their claimed $800 million loss is hypothetical.
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May 24, 2016
Citi Shareholders Can Push $800M Suit Directly: Del. Court
Delaware's high court ruled Tuesday that investment trusts controlled by insurance executive Arthur L. Williams and his wife Angela properly sued Citigroup Inc. directly, and did not have to proceed derivatively, on claims they lost $800 million when the bank duped them into holding shares that plunged during the financial crisis.
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April 27, 2016
Del. High Court Prods Citi On $800M Shareholder Action
Delaware's Supreme Court pressed a Citigroup Inc. attorney Wednesday to justify its view that only the company can sue for claims related to an investor's $800 million loss from fraudulent Citi guidance on subprime lending risks, in a closely watched effort to answer a federal appeals court inquiry.
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November 25, 2015
2nd Circ. Asks Del. High Court's Opinion On $800M RMBS Suit
The Second Circuit on Wednesday asked the Delaware Supreme Court for help in determining whether a group of investors can directly sue Citigroup Inc. over an alleged $800 million loss related to the bank's residential mortgage-backed securities, rather than in a derivative suit.