Citi Exits Battle Over Property Investor's $30M Award

Law360, New York (January 3, 2012, 3:58 PM EST) -- Real estate investment concern Oxford Street Properties LLC on Tuesday settled with Citibank NA after accusing the bank of conspiring with Oxford's former business partner to dodge a $30 million arbitration award over alleged fraud at a Los Angeles loft project.

U.S. District Judge Jacqueline H. Nguyen said in an order that Oxford's claims against New York-based Citi had been settled ahead of a jury trial set to begin April 10.

Judge Nguyen also scrapped a hearing on the parties' competing motions for summary judgment that...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Oxford Street Properties LLC v. Lance Robbins et al


Case Number

2:10-cv-02999

Court

California Central

Nature of Suit

Racketeer/Corrupt Organization

Judge

Jacqueline H. Nguyen

Date Filed

April 22, 2010

Law Firms

Companies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.