Citigroup Inc. (NYSE:C) is again making headlines for landing into another legal mess. Recently, Citibank, the banking unit of the company, has been sued by Lehman Brothers Holdings Inc. for wrongly confiscating nearly $2.5 billion, which was transferred by Lehman just before its bankruptcy filing in 2008.
Currently, Lehman is pursuing a liquidation plan and will likely pay 18 cents per dollar to its creditors. However, about $2 billion that it has so far gathered is actually pledged to Citi. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards