Judge Nixes Bid To Block Citigroup Fund Tender Offer

Law360 (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...
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.