March 14, 2012
Allstate Insurance Co.'s $200 million suit over risky mortgage-backed securities bought from Citigroup Inc. belongs in state court despite the bankruptcy of a mortgage originator responsible for some loans pooled in the securities, a New York federal judge ruled Tuesday.
April 19, 2011
Allstate Insurance Co. asked a New York federal court Monday to return to state court its suits accusing Citigroup Inc., JPMorgan Chase Bank NA and Deutsche Bank AG of downplaying the risks of more than $1 billion in mortgage-backed securities.