Judge Nixes Bid To Block Citigroup Fund Tender Offer

Law360, New York (June 17, 2008, 12:00 AM EDT) -- A federal judge overseeing a securities fraud suit stemming from the collapse of a group of Citigroup Inc. hedge funds has denied a bid by an investor to halt a tender offer for shares in the defunct group.

Judge Sidney Stein of the U.S. District Court for the Southern District of New York dismissed the preliminary injunction motion at a hearing late Tuesday, saying the investor, Ferguson Family Trust, had made a case for suffering irreparable harm but had not persuaded the court of the merits...
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