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Loomis Sayles Trust Company LLC v. Citigroup Global Markets Inc
Case Number:
1:22-cv-06706
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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September 27, 2022
Citi Previews Bid To Ax Loomis Sayles' 'Best Execution' Suit
Citigroup Global Markets told a New York federal judge on Monday that it plans to seek the dismissal of a lawsuit by Loomis Sayles claiming the brokerage caused $70 million in trading losses earlier this year when it allegedly botched large trade orders, arguing that Citigroup can't be accused of failing to achieve "best execution" when it was simply following the instructions of the investment manager.
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August 08, 2022
Citigroup Hit With $70M Suit Over Shopify, Colgate Trades
Citigroup was hit with a proposed class action Saturday alleging the financial services giant caused $70 million in trading losses earlier this year when it allegedly botched large trade orders involving shares of Shopify Inc. and Colgate-Palmolive Co.