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8 Oct 2008, 8:23 pm
Although things are still murky, it appears that Wells Fargo will get the bulk of Wachovia's operations, with Citi obtaining a face-saving helping of Wachovia's depository institutions. [read post]
8 Oct 2008, 1:15 pm
The WSJ reported this morning that a “quick resolution appeared increasingly unlikely,” and that Citi had reached out to other parties to join its bid. [read post]
8 Oct 2008, 12:31 am
Wells Fargo in re Wachovia: Can You Simultaneously Sue in Federal and State Court? [read post]
7 Oct 2008, 4:29 pm
By contrast, the Federal Deposit Insurance Corporation is backstopping some of the potential losses in Citi’s $2 billion deal. [read post]
7 Oct 2008, 11:16 am
Yesterday, Citi filed a $60 billion lawsuit over the battle. [read post]
7 Oct 2008, 9:06 am
Citigroup sued Wachovia and Wells Fargo in state court to enjoin them and order specific performance of the agreement, while Wachovia filed in federal court for a declaratory judgment affirming the enforceability of the Wells Fargo deal. [read post]
7 Oct 2008, 5:42 am
We've had good stuff on the state of play here, and Glom veteran Elizabeth Nowicki is blogging up a storm here and, more generally, here. [read post]
6 Oct 2008, 10:00 pm
[Connecticut Employment Law Blog] * The latest from the Citi/Wachovia/Wells Fargo cock fight is that they have agreed to a standstill on all litigation until noon on Wednesday. [read post]
6 Oct 2008, 4:51 pm
Citigroup finally filed its complaint against Wachovia, Wells Fargo and a slew of other individuals in New York state court on Monday. [read post]
6 Oct 2008, 3:58 pm
New York Federal Court: On Saturday afternoon, in the midst of the Summit at Cornwall, Wachovia filed its own suit against Citi in New York federal court asking for a preliminary injunction to keep Citi from getting in the way of the Wachovia/Wells Fargo deal. [read post]
6 Oct 2008, 12:37 pm
As reported by the New York Times Sunday morning, Ramos temporarily blocked the Wells Fargo deal from moving forward following a Saturday hearing on Citi's motion (the bank has not technically filed its lawsuits yet against Wachovia and Wells Fargo). [read post]
6 Oct 2008, 9:41 am
As reported by the New York Times Sunday morning, Ramos temporarily blocked the Wells Fargo deal from moving forward following a Saturday hearing on Citi's motion (the bank has not technically filed its lawsuits yet against Wachovia and Wells Fargo). [read post]
6 Oct 2008, 9:06 am
By the time of our last post, yesterday, here’s where things stood: Friday’s announcement that Wells Fargo had jumped Citi’s $2.2 billion deal to acquire Wachovia drew battle cries from Citi, which cited a not-very-official-looking exclusivity agreement. [read post]
6 Oct 2008, 3:22 am
So we weren't entirely surprised when we got word that Citi was threatening legal action over its jilting by Wachovia. [read post]
5 Oct 2008, 8:39 pm
Professor Ribstein here and Professor Bainbridge here, discuss the legal issues involved in the three-way dispute between Citibank; Wachovia and Wells Fargo, and whether the Citibank-Wachovia deal can be specifically enforced despite WF's higher later bid. [read post]
5 Oct 2008, 4:53 pm
The WSJ is reporting that Citi last week upped its bid for Wachovia, but before the parties could get down to brass talks, Wells Fargo swooped in. [read post]
5 Oct 2008, 4:05 pm
On Saturday evening, Citi trooped up to New York Supreme Court Judge Charles E. [read post]
5 Oct 2008, 10:30 am
Did Wells Fargo tortiously interfere with Wachovia's contract with Citi? [read post]
3 Oct 2008, 9:19 pm
The deal between Citigroup and Wachovia fell through, allowing Wells Buffet Fargo to swoop in and pick up the ball Citigroup dropped. [read post]
3 Oct 2008, 5:28 pm
Is Wells Fargo banking on North Carolina corporate law giving it a way out of the contract? [read post]
