Citi Off The Hook For Subprime Losses

27 Feb 2009

A Delaware judge has ruled that Citigroup is not liable for subprime-related losses in a suit brought by angry shareholders.

A Delaware judge has ruled that Citigroup is not liable for subprime-related losses in a suit brought by angry shareholders. Chancery Judge William Chandler III dismissed most of the claims because plaintiffs failed to prove that Citi’s corporate directors acted in bad faith or with conscious disregard of ...

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