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Lawyer Sues Citigroup Over Airport Financing

Law360 (October 29, 2008, 12:00 AM EDT) -- A New York attorney has sued Citigroup Inc. for allegedly using its dominant position in the market for underwriting airline special facility bonds to block the use of a new method she invented for financing airline terminal construction and renovation projects.

In a complaint filed Monday in the U.S. District Court for the Southern District of New York against Citigroup and Citigroup Global Markets Inc., Linda Grant Williams of Dreier LLP alleges that the investment bank pressured airports and other banks not to adopt her method,...
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