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TERRA SECURITIES ASA KONKURSBO v. CITIGROUP, INC.

No. 09 Civ. 7058(VM).

688 F.Supp.2d 303 (2010)

TERRA SECURITIES ASA KONKURSBO, et al., Plaintiffs, v. CITIGROUP, INC., et al., Defendants.

United States District Court, S.D. New York.

February 17, 2010.

Attorney(s) appearing for the Case

Marc E. Kasowitz, John Charles Canoni, Michael Matthew Fay, Charles Matthew Miller, Kasowitz, Benson, Torres & Friedman LLP, New York, NY, for Plaintiffs.

Brad Scott Karp, John Frederick Baughman, Susanna Michele Buergel, Alastair Wood, Daniel H. Levi, Paul, Weiss, Rifkind, Wharton & Garrison LLP, New York, NY, for Defendants.

DECISION AND ORDER

VICTOR MARRERO, District Judge.

Plaintiffs Terra Securities ASA Konkursbo ("Terra") and seven Norwegian municipalities—Bremanger, Hattfjelldal, Hemnes, Kvinesdal, Narvik, Rana and Vik (the "Municipalities") (collectively, "Plaintiffs") filed a complaint in this action, dated August 10, 2009 (the "Complaint"), naming as defendants Citigroup, Inc. ("Citigroup"), Citigroup Global Markets, Inc. ("CGM New York") and Citigroup...

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