Solutia Targets Citigroup CEO For Deposition

Law360, New York (February 13, 2008, 12:00 AM EST) -- Solutia Inc. wants to question Citigroup Inc. CEO Vikram Pandit under oath about his bank's decision to renege on a $2 billion loan in the bankrupt chemical company's adversary suit accusing Citi and two other prominent banks of fraudulently violating an exit financing agreement.

Solutia filed a motion to compel Pandit's deposition, which it said it expected Citi to contest, Tuesday in the U.S. Bankruptcy Court for the Southern District of New York, which is overseeing the suit against Citigroup Global Markets Inc., Goldman Sachs Credit...
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