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Citigroup Inc., v. Abu Dhabi Investment Authority
Case Number:
1:17-cv-01528
Court:
Nature of Suit:
Judge:
Firms
Companies
Sectors & Industries:
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August 21, 2017
Citigroup Gets Abu Dhabi Investment Authority Award OK'd
A New York federal judge Friday confirmed an arbitration award in which a tribunal rejected a claim brought against Citigroup by Abu Dhabi's massive sovereign wealth fund over money lost in a $7.5 billion investment deal soured by the financial crisis.
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March 24, 2017
CORRECTED: Citigroup Won't Seek Fees, Costs In Arbitration Spat
Citigroup has told a New York federal court it will drop its bid to recover attorneys' fees incurred during litigation to confirm a 2016 arbitration award, which rejected a claim brought by Abu Dhabi's massive sovereign wealth fund over money lost in a $7.5 billion investment deal soured by the financial crisis. Corrected: An earlier story misstated the legal fees at issue. That error has been corrected.
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March 20, 2017
CORRECTED: Citigroup, Abu Dhabi Fund Spar Over Arbitration Costs
Citigroup is again going to court over a dispute with Abu Dhabi's massive sovereign wealth fund over money lost in a $7.5 billion investment deal soured by the financial crisis, with the bank filing a petition in a New York federal court seeking to confirm a new arbitration award. Corrected: An earlier story misstated the legal fees at issue. That error has been corrected.