If it’s worth nothing – why are they fighting over it? |
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| By: Ari Sunday October 5, 2008 10:04 am | |
Citi tonight was granted emergency injunctive relief extending the Exclusivity Agreement between Citi and Wachovia Corp. until further order of the court. This relief was granted over the objection of Wachovia. Justice Charles Ramos of the Supreme Court of the State of New York issued the order.
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5 Comments
Now, my good heavens. What an interesting point you raise.
A good question indeed …
they are setting themselves up for a huge lawsuit from the shareholders. This is very dangerous.
Let’s see here now.
Would this be a New York judge making a ruling for a New York-headquartered Citi against the wishes of the out-of-state Wachovia (and not to speak of the out-of-state Wells Fargo)?
Bias? Nooooo, I can’t see anything wrong with that.
And so what if judges can’t be sued for bad legal judgment?
Ari, here’s an even more current update: