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: Mortgage Lender Implode-o-MeterCitigroup Wins $85.7 Million Ruling Against Billionaire Solow
By Implode-Explode Heavy Industries
Citigroup Inc., the bank 27 percent-owned by the U.S. government, won a judgment allowing it to collect $85.7 million from billionaire real-estate developer Sheldon H. Solow.
New York State Supreme Court Justice Bernard Fried said yesterday he was granting Citigroup?s request for summary judgment, or a verdict before trial. A dispute about Citigroup?s claims for fees and damages will be sent to a referee, Fried said in a ruling from the bench.
Full post as published by Mortgage Lender Implode-o-Meter on March 26, 2010 (boomark / email).
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