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UBS FINANCIAL SERVICES INC. v. CARILION CLINIC

Civil Action No. 3:12cv424-JAG.

880 F.Supp.2d 724 (2012)

UBS FINANCIAL SERVICES INC., and Citigroup Global Markets, Inc., Plaintiffs, v. CARILION CLINIC, Defendant.

United States District Court, E.D. Virginia, Richmond Division.

July 30, 2012.

Attorney(s) appearing for the Case

Edward Everett Bagnell, Jr. , Hugh McCoy Fain, III , Spotts Fain PC, Richmond, VA, Jay Cohen , Julie E. Fink , Paul Weiss Rifkind Wharton & Garrison LLP, Jonathan K. Youngwood , Simpson Thacher & Bartlett LLP, New York, NY, for Plaintiffs.

Patrick Thomas Fennell , Crandall & Katt, Roanoke, VA, James Swanson , Jason Burge , Joseph Peiffer , Fishman Haygood Phelps Walmsley Willis & Swanson LLP, New Orleans, LA, for Defendant.

MEMORANDUM OPINION

JOHN A. GIBNEY, JR., District Judge.

This matter is before the Court on the plaintiffs' motion for a preliminary injunction pursuant to Federal Rule of Civil Procedure 65. In the dispute that underlies this litigation, the defendant, Carilion Clinic ("Carilion"), contends that UBS Financial Services, Inc. ("UBS") and CitiGroup Global Markets, Inc. ("Citi") fraudulently induced Carilion to issue over $308 million in municipal bonds...

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