2010-03-26bloomberg.com

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.


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