Citigroup, KV Wrap Up ARS MDL Case

Law360, New York (February 10, 2010, 7:01 PM EST) -- The judge overseeing KV Pharmaceutical Co.'s lawsuit accusing Citigroup Global Markets Inc. of misleading KV about the safety of auction rate securities and leaving KV holding $72 million in illiquid ARS has signed off on a settlement deal and dismissed the case.

On Monday, Judge Laura Swain of the U.S. District Court for the Southern District of New York signed an order dismissing the case pursuant to the terms of a confidential agreement between the parties.

The KV and Citigroup settlement concludes one of the cases...
To view the full article, register now.