TITLE

Coming Soon: Citi's Big Enron Hit

AUTHOR(S)
Hintze, John
PUB. DATE
May 2004
SOURCE
Investment Dealers' Digest;5/17/2004, Vol. 70 Issue 20, p7
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports that Citigroup's $2.65 billion settlement with WorldCom's investors may seem like a lot of money but the big hit against Citigroup is more likely to come from the torrent of Enron-related private investor and class action lawsuits. Investors in equities, bonds, syndicated loans, and credit derivatives are taking Citigroup and other banks to court; Claims of fraud, aiding and abetting fraud, conspiracy, and gross negligence.
ACCESSION #
13122407

 

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