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TERRA SECURITIES ASA KONKURSBO v. CITIGROUP, INC.

No. 09 Civ. 7058 (VM).

740 F.Supp.2d 441 (2010)

TERRA SECURITIES ASA KONKURSBO, et al., Plaintiffs, v. CITIGROUP, INC., et al., Defendants. Banca Carige S.P.A.—Casa Di Risparmio Di Genova E Imperia, et al., Plaintiffs, v. Citigroup Inc., et al., Defendants.

United States District Court, S.D. New York.

August 16, 2010.

Attorney(s) appearing for the Case

Marc E. Kasowitz , Charles Matthew Miller , John Charles Canoni , Michael Matthew Fay , Kasowitz, Benson, Torres & Friedman LLP, New York, NY, for Plaintiffs.

Brad Scott Karp , John Frederick Baughman , Susanna Michele Buergel , Daniel H. Levi , Paul, Weiss, Rifkind, Wharton & Garrison LLP, Alastair Wood , Paul, Hastings, Janofsky & Walker LLP, New York, NY, for Defendants.

DECISION AND ORDER

VICTOR MARRERO, District Judge.

Plaintiffs Terra Securities ASA Konkursbo ("Terra") and seven Norwegian municipalities—Bremanger, Hattfjelldal, Hemnes, Kvinesdal, Narvik, Rana and Vik (the "Municipalities")—filed an amended complaint in this action, dated March 15, 2010 (the "Terra Complaint"), naming as defendants Citigroup, Inc., Citigroup Global Markets, Inc., Citigroup Alternative Investments

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