2nd Circ. Judge Chides Quinn Emanuel Atty In Citigroup Case

Law360, New York (February 11, 2014, 2:01 PM EST) -- A Second Circuit judge on Tuesday accused a Quinn Emanuel Urquhart & Sullivan LLP attorney of making “frivolous arguments” in an attempt to revive the Abu Dhabi Investment Authority’s suit against Citigroup Inc. stemming from a failed $7.5 billion investment deal.

Judge Gerard Lynch verbally sparred with the attorney, David L. Elsberg, during a contentious hearing in Manhattan court. ADIA, the emirate’s state investment arm, is seeking to vacate an arbitration panel’s award in favor of Citigroup regarding the 2007 investment agreement. Elsberg argued Tuesday that...
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