Citigroup Inc. investors are getting another chance to argue claims that the bank’s current and former directors are responsible for costly anti-money laundering and other violations.
The Oklahoma Firefighters Pension and Retirement System and other pension funds filed a lawsuit in 2016, claiming the directors should be held accountable for the company’s “history of numerous, widespread, and systematic risks and legal compliance debacles” dating back to the financial crisis.
The Delaware Chancery Court dismissed the suit in December, finding the funds hadn’t shown the bank’s board members acted with culpable intent.
The Delaware Supreme Court on Jan. 25 agreed to ...
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