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SOLOW v. CITIGROUP, INC.

No. 10 Civ. 2927 (RWS).

827 F.Supp.2d 280 (2011)

Sheldon H. SOLOW, Plaintiff, v. CITIGROUP, INC. and Vikram Pandit, Defendants.

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

November 22, 2011.

Attorney(s) appearing for the Case

Lowenstein Sandler PC, by: Ira Lee Sorkin, Esq. , Donald A. Corbett, Esq. , Jeffrey J. Wild, Esq. , New York, NY, for Plaintiff.

Hughes Hubbard & Reed LLP, by: Marc A. Weinstein, Esq. , Jesse L. Jensen, Esq. , New York, NY, for Defendants.

OPINION

SWEET, District Judge.

Defendants Citigroup Inc. ("Citigroup") and Vikram Pandit ("Pandit," and, with Citigroup, the "Defendants") have moved pursuant to Federal Rules of Civil Procedure 12(b)(6) and 9(b) to dismiss the First Amended Complaint of plaintiff Sheldon H. Solow ("Solow" or the "Plaintiff") alleging violation of the securities law and common law fraud. Based upon the conclusions set forth below, the motion is granted and judgment will...

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