August 21, 2017
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.
March 24, 2017
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.
March 20, 2017
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.