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This excerpt taken from the C 8-K filed Oct 13, 2009. Disher. In March 2004, a putative research-related
customer class action alleging various state law claims arising out of the
issuance of allegedly misleading research analyst reports, DISHER v. CITIGROUP
GLOBAL MARKETS INC., was filed in Illinois state court. Citigroup removed this
action to federal court, and in August 2005 the United States Court of
Appeals for the Seventh Circuit reversed the District Court’s August 2004
order remanding the case to state court, and directed the District Court to
dismiss plaintiffs’ claims as preempted. On June 26, 2006, the United
States Supreme Court granted plaintiffs’ petition for a writ of certiorari,
vacated the Seventh Circuit’s opinion and remanded the case to the Seventh
Circuit for further proceedings. On January 22, 2007, the Seventh Circuit
dismissed Citigroup’s appeal from the District Court’s removal order for lack
of appellate jurisdiction. On February 1, 2007, plaintiffs secured an
order reopening this case in Illinois state court, and on February 16,
Citigroup removed the reopened action to federal court. On May 3, 2007,
the District Court remanded the action to Illinois state court, and on June 13,
2007, Citigroup moved in state court to dismiss the action, which motion
remains pending.
This excerpt taken from the C 8-K filed Jan 23, 2009. Disher. In March 2004, a putative research-related customer class action
alleging various state law claims arising out of the issuance of allegedly
misleading research analyst reports, DISHER v. CITIGROUP GLOBAL MARKETS INC.,
was filed in Illinois state court. Citigroup removed this action to federal
court, and in August 2005 the United States Court of Appeals for the
Seventh Circuit reversed the District Court’s August 2004 order remanding
the case to state court, and directed the District Court to dismiss plaintiffs’
claims as
95
pre-empted. On June 26, 2006, the United States Supreme Court granted plaintiffs’ petition for a writ of certiorari, vacated the Seventh Circuit’s opinion and remanded the case to the Seventh Circuit for further proceedings. On January 22, 2007, the Seventh Circuit dismissed Citigroup’s appeal from the District Court’s removal order for lack of appellate jurisdiction. On February 1, 2007, plaintiffs secured an order reopening this case in Illinois state court, and on February 16, Citigroup removed the reopened action to federal court. On May 3, 2007, the District Court remanded the action to Illinois state court, and on June 13, 2007, Citigroup moved in state court to dismiss the action. That motion remains pending.
This excerpt taken from the C 8-K filed Aug 14, 2008. Disher. In March 2004, a putative
research-related customer class action alleging various state law claims
arising out of the issuance of allegedly misleading research analyst reports,
DISHER v. CITIGROUP GLOBAL MARKETS INC., was filed in Illinois state court.
Citigroup removed this action to federal court, and in August 2005 the
United States Court of Appeals for the Seventh Circuit reversed the District
Court’s August 2004 order remanding the case to state court, and directed
the District Court to dismiss plaintiffs’ claims as
94
pre-empted. On June 26, 2006, the United States Supreme Court granted plaintiffs’ petition for a writ of certiorari, vacated the Seventh Circuit’s opinion and remanded the case to the Seventh Circuit for further proceedings. On January 22, 2007, the Seventh Circuit dismissed Citigroup’s appeal from the District Court’s removal order for lack of appellate jurisdiction. On February 1, 2007, plaintiffs secured an order reopening this case in Illinois state court, and on February 16, Citigroup removed the reopened action to federal court. On May 3, 2007, the District Court remanded the action to Illinois state court, and on June 13, 2007, Citigroup moved in state court to dismiss the action. That motion remains pending.
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