Law360, New York (December 1, 2017, 10:46 PM EST) -- [color=red]Following an undisclosed agreement[/color], a New York federal judge Friday dismissed Citibank from a suit in which a Lehman Brothers unit seeks to claw back $1 billion in swaps transactions from various large banks including Bank of America and JPMorgan Chase.
The single-sentence order signed by...
I don't have a Law360 account, but this seems intriguing...
"Undisclosed Agreement"...makes you go hmmmm...
Remember way back when (2010/11?) a guy mentioned CITI Bank Business Lending unit as a potential merger/partner for utilizing the LEHMAN NOLs? Makes me go hmmmm...when I see they have an undisclosed agreement to dismiss $1B of anything.
Cheers all