Citigroup Inc. shareholders are asking the Delaware Supreme Court for another shot at holding the company’s current and former directors responsible for anti-money laundering and other violations that led to billions of dollars in fines.
The Oklahoma Firefighters Pension and Retirement System and other pension funds filed a lawsuit against the directors in 2016, claiming they 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 ...
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