2008-10-06ml-implode.com

Just out, Bloomberg reports Citi has filed suit against Wachovia and Wells Fargo, citing both for "bad faith and breach of contract." Earlier in the day, Bloomberg said Wachovia may be split between Citi and Wells Fargo, but noted "Cable network CNBC reported that Citigroup was [now] bidding for all of Wachovia."


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Comments:

Aristotle at 14:18 2008-10-06 said:
Here's the link to the Complaint.

http://online.wsj.com/public/resources/documents/citicomplaint20081006.pdf

It's very well plead, though the dollar damage claim is a bit extreme. Permalink

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