Citigroup-WorldCom Documents to Be Released 10 a.m. Thursday; Babbitt, Johnson, Osborne & Le Clainche Sets NY News Conference.Previously unreleased documents stemming from Citigroup's brokerage work on WorldCom will be unveiled at a Manhattan news conference 10 a.m. this Thursday, Sept. 8, in the screening room of the Bryant Park Bryant Park is a 9.603 acre (39,000 m²) public park located in the New York City borough of Manhattan. It is bounded by Fifth Avenue, Sixth Avenue, 40th Street and 42nd Street in Midtown Manhattan.[1] The central building of the New York Public Library is in the park. Hotel, 40 West 40th St., the West Palm Beach, Fla., law firm Babbitt, Johnson, Osborne & Le Clainche, P.A., announced today. These documents include a memo a senior Citigroup executive tried to destroy, which explicitly acknowledges that Citigroup put investment banking fees above research integrity. The document release stems from cases against Citigroup Salomon Smith Barney Smith Barney is a division of Citigroup Global Capital Markets Inc., a global, full-service financial firm, that provides brokerage, investment banking and asset management services to corporations, governments and individuals around the world. filed in Florida courts. Citigroup CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Chuck Prince was deposed in this case for 6 1/2 hours in late July. Citigroup Chairman Sandy Weill is scheduled for deposition Deposition Christ is taken from the cross and enshrouded. [N.T.: Matthew 27:57–60; Christian Art: Appleton, 55] See : Passion of Christ Friday. Citigroup has tried and failed on appeal to suppress To stop something or someone; to prevent, prohibit, or subdue. To suppress evidence is to keep it from being admitted at trial by showing either that it was illegally obtained or that it is irrelevant. the documents and release the depositions. This is a Florida circuit court case, not an arbitration or conventional securities case. The rules of discovery are therefore far more liberal. Lead lawyer in the case on behalf of WorldCom investors is Theodore (Ted) Babbitt at 561-684-2500, partner in Babbitt, Johnson, Osborne & Le Clainche, P.A., tedbabbitt@babbitt-johnson.com. He will be at the news conference, with his partner, Joseph Osborne, and several clients who lost their life savings. The law firm's web site is: http://www.babbitt-johnson.com. |
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