We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

2nd Circ. Won’t Revive Real Estate Mogul's $100M Libor Suit

Law360 (April 30, 2019, 7:27 PM EDT) -- Real estate mogul Sheldon Solow’s $100 million loss from a tanked municipal securities portfolio is too far removed from Libor manipulation to allow him to sue Citigroup and more than a dozen other banks, the Second Circuit ruled Tuesday in the latest blow to the years-old allegations.

The appellate panel’s nonprecedential ruling upheld a New York federal judge’s refusal last year to allow Solow to filed a second amended complaint after his lawsuit was previously tossed in 2015. According to Tuesday’s ruling, the district judge correctly held that Solow’s 7 West 57th Street Realty Co. LLC lacked standing to sue under federal...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Attached Documents

map

Kirkland & Ellis LLP has redefined what it means to be the biggest of BigLaw — weighing in at 2,116 attorneys by year end 2018 and becoming the first firm since Law360 began tracking law firm head counts to top 2,000 U.S.-based attorneys.

Related

Sections

Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only

Court

Appellate - 2nd Circuit

Nature of Suit

3410 STATUTES-Antitrust

Date Filed

April 17, 2018

Law Firms

Companies

Judge Analytics