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Citigroup’s Counterclaims Dismissed

Justice Jeffrey K. Oing dismissed counterclaims filed by Citigroup against our clients, Loreley Financing, which originally sued Citigroup in 2012 over nearly $1 billion in CDO investments.  Justice Oing held that Citigroup's counterclaims for breach of contract and fraud failed to state viable causes of action and would, if permitted, have an adverse effect on the investment community.  The Loreley Financing plaintiffs were represented by litigation partner Stephen M. Plotnick, with the assistance of Matthew Dunn and Alexander Malyshev.

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