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Citibank

Tweet- From LexisNexis® Mealey’s™ Daily Legal News. Citibank N.A., Citigroup Inc. and several of their affiliates (collectively, Citibank) have reached a $ 435 million agreement with the liquidation trustee for Lehman Brothers Holdings Inc. (LBHI) subsidiary Lehman Brothers Inc. (LBI) regarding more than $ 1 billion in collateral posted by LBI before its bankruptcy, according […]

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TweetA federal district court did not err in granting Citibank N.A.’s motion for summary judgment in a securities lawsuit regarding Morgan Stanley & Co. International’s failure to pay on a Credit Default Swap (CDS), a Second Circuit U.S. Court of Appeals panel ruled Oct. 2 in affirming “substantively for the reasons stated by the District […]

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