FraudNews
05-09-2014, 03:28 AM
Citigroup Must Face Fraud Claim Over $1 Billion in CDOs (2) (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNH0-nR61cCiuROAGpAWoPmIJ_RJBA&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52778497624007&ei=cEtsU_DsFYa0gQfPYg&url=http://www.businessweek.com/news/2014-05-08/citigroup-must-face-fraud-claim-over-1-billion-in-cdos-1)
Businessweek
Loreley Financing was allowed by a New York appeals court to sue Citigroup for fraud. The appeals panel, partly upholding a lower-court's decision denying the bank's request to throw out the case, ruled today that Loreley can't sue for unjust enrichment.
Citibank Escapes Some Claims In $1B CDO Fraud Suit (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNFbIO5xOFFfQIHza_W9q9oSJEqO_A&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52778497624007&ei=cEtsU_DsFYa0gQfPYg&url=http://www.law360.com/appellate/articles/536012/citibank-escapes-some-claims-in-1b-cdo-fraud-suit)Law360 (subscription)
all 3 news articles » (http://news.google.co.za/news/more?ncl=diZR3kQFvq1dUvMMMsvw8usUfWF0M&authuser=0&ned=en_za)
More... (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNH0-nR61cCiuROAGpAWoPmIJ_RJBA&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52778497624007&ei=cEtsU_DsFYa0gQfPYg&url=http://www.businessweek.com/news/2014-05-08/citigroup-must-face-fraud-claim-over-1-billion-in-cdos-1)
Businessweek
Loreley Financing was allowed by a New York appeals court to sue Citigroup for fraud. The appeals panel, partly upholding a lower-court's decision denying the bank's request to throw out the case, ruled today that Loreley can't sue for unjust enrichment.
Citibank Escapes Some Claims In $1B CDO Fraud Suit (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNFbIO5xOFFfQIHza_W9q9oSJEqO_A&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52778497624007&ei=cEtsU_DsFYa0gQfPYg&url=http://www.law360.com/appellate/articles/536012/citibank-escapes-some-claims-in-1b-cdo-fraud-suit)Law360 (subscription)
all 3 news articles » (http://news.google.co.za/news/more?ncl=diZR3kQFvq1dUvMMMsvw8usUfWF0M&authuser=0&ned=en_za)
More... (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNH0-nR61cCiuROAGpAWoPmIJ_RJBA&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52778497624007&ei=cEtsU_DsFYa0gQfPYg&url=http://www.businessweek.com/news/2014-05-08/citigroup-must-face-fraud-claim-over-1-billion-in-cdos-1)