Subprime Litigation: Did the Bank Use Level 3 Inputs Instead of Observable Indexes?

Business Valuation UpdateVol. 17 No. 2
Legal and Court Case Update
February 2011

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6211 Security Brokers, Dealers, and Flotation Companies
523120 Securities Brokerage
securities litigation
In re Citigroup, Inc. Securities Litigation
2010 WL 4484650 (S.D.N.Y.)
November 9, 2010
US
Federal Court
New York
United States District Court
[unnamed]
Stein

Summary

Court denies motion to dismiss subprime asset litigation, based on plaintiff’s allegations that Citigroup overvalued its collateral debt obligations and understated its risk.

See Also

In re Citigroup, Inc. Securities Litigation

Full Text of Court Cases
November 9, 2010

Court denies motion to dismiss subprime asset litigation, based on plaintiff’s allegations that Citigroup overvalued its collateral debt obligations and understated its risk.