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This excerpt taken from the C 8-K filed Oct 13, 2009. Global Crossing, Ltd. In January 2004, the Global Crossing Estate
Representative filed an adversary action in the United States Bankruptcy Court
for the Southern District of New York against Citigroup and several other banks
seeking to rescind the payment of a loan made to a Global Crossing subsidiary.
Citigroup moved to dismiss the action in May 2004, and the motion remains
pending. On August 20, 2008, Plaintiff filed an amended complaint that
narrowed the pending claims. Citigroup has yet to respond to the amended
complaint.
This excerpt taken from the C 8-K filed Jan 23, 2009. Global Crossing, Ltd. In January 2004, the Global Crossing
Estate Representative filed an adversary action in the United States Bankruptcy
Court for the Southern District of New York against Citigroup and several other
banks seeking to rescind the payment of a loan made to a Global Crossing
subsidiary. Citigroup moved to dismiss the action in May 2004, and the
motion remains pending.
This excerpt taken from the C 8-K filed Aug 14, 2008. Global
Crossing, Ltd. In January 2004,
the Global Crossing Estate Representative filed an adversary action in the
United States Bankruptcy Court for the Southern District of New York against
Citigroup and several other banks seeking to rescind the payment of a loan made
to a Global Crossing subsidiary. Citigroup moved to dismiss the action in May 2004,
and the motion remains pending.
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