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Dismissal Motion Denied in Massive Citigroup Subprime-Related Bondholder Action

On July 12, 2010, in one of the more high-profile investor actions filed as part of the subprime securities litigation wave, Southern District of New York Judge Sidney Stein substantially denied in part the defendants' motions to dismiss in the Citigroup Bond Litigation. A copy of the opinion...

Citigroup Subprime Securities Suit Narrowed, "Principal" CDO Claims Survive

In a November 9, 2010 order ( here ) in the Citigroup subprime-related securities suit, Southern District of New York Judge Sidney Stein dismissed a host of allegations and a number of individual defendants. However, Judge Stein denied the motion to dismiss as to plaintiffs' claims regarding...