Friday, May 9, 2008

Citi, 5 other banks lose bid to throw out suit

(NEW YORK) Citigroup and five other banks lost their bid to have a New York judge throw out a lawsuit by Clear Channel Communications' buyers accusing the lenders of refusing to fund the US$19.5 billion acquisition.

Source: http://business-times.asiaone.com/mnt/html/btpre/registration/redirect.jsp?dlink=/sub/news/story/0,4574,278462,00.html?

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