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TERRA FIRMA INVESTMENTS (GP) 2 LTD. v. CITIGROUP

No. 09 CV 10459(JSR).

725 F.Supp.2d 438 (2010)

TERRA FIRMA INVESTMENTS (GP) 2 LIMITED, and Terra Firma Investments (GP) 3 Limited, Plaintiffs, v. CITIGROUP INC., Citibank, N.A., Citgroup Global Markets Limited, and, Citigroup Global Markets Inc., Defendants.

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

July 25, 2010.

Attorney(s) appearing for the Case

Christopher Emmanuel Duffy, Boies Schiller & Flexner LLP, New York, NY, David Boies, II, Boies, Schiller & Flexner LLP, Armonk, NY, Jonathan Henry Sherman, Evan A. Parke, Jennifer Milici, William C. Jackson, Boies, Schiller & Flexner LLP, Washington, DC, Karen C. Dyer, Boies, Schiller & Flexner, LLP, Orlando, FL, William Fred Norton, Boies, Schiller & Flexner, LLP, Oakland, CA, for Plaintiff.

Brad Scott Karp, Jay Cohen, John Frederick Baughman, Theodore Von Wells, Jr., Paul, Weiss, Rifkind, Wharton & Garrison LLP, New York, NY, for Defendant.

OPINION

JED S. RAKOFF, District Judge.

In this action, removed from state court to federal court on December 23, 2009, plaintiffs Terra Firma Investments (GP) 2 Limited and Terra Firma Investments (GP) 3 Limited (collectively, "Terra Firma") assert that defendants Citigroup Inc., Citibank N.A., Citigroup Global Markets Limited, and Citigroup Global Markets Inc. (collectively, "Citi") fraudulently induced Terra Firma to purchase the London-based music...

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