Citadel Appeals Ruling In $28M Fluor Stock Spat

Law360, New York (February 11, 2010, 7:24 PM EST) -- Citadel Equity Fund Ltd. has appealed a ruling that Fluor Corp. did not breach a contract governing about $58 million in convertible notes the investment vehicle held in the engineering company, despite Citadel's claim that it should have received an additional $28 million worth of Fluor stock when it exercised the conversion.

Citadel lodged its notice of appeal to the U.S. Court of Appeals for the Fifth Circuit on Wednesday in the U.S. District Court for the Northern District of Texas, challenging Judge Jane J. Boyle's...
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