We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Venue War Rages In IDT-Blackstone Fraud Action

Law360 (August 1, 2007, 12:00 AM EDT) -- The battle over the proper jurisdiction for IDT Corp.'s fraud case, which stems from its purchase of bankrupt Winstar Inc., continued Tuesday with the financial-company defendants arguing against the plaintiffs' attempt to remand the case from federal district court to New York state court.

The defendants, which include financial powerhouses Blackstone Group LP, Impala Partners LLC and Citigroup Inc., filed a joint memorandum in the U.S. District Court for the Southern District of New York opposing the plaintiffs' motion to remand. They argued that “mandatory abstention,”...
To view the full article, register now.
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.