Thursday July 2, 11:21 PM
UPDATE 1-Citigroup, Relativity agree to dismiss litigation
LOS ANGELES, July 2 (Reuters) - Citigroup Inc (NYSE: C - news) and
film financing company Relativity Media said on Thursday they
have agreed
to dismiss pending breach of contract lawsuits
filed against each other in November 2008 related to a 1997
film funding deal involving Sony Corp Sony Pictures.
'Citigroup Global Markets Inc and Relativity Media LLC
today announced they have mutually agreed to dismiss with
prejudice the pending litigations between the parties in New
York and California. Both companies are pleased to have this
matter behind them and look forward to continuing their
business relationship,' the companies said in a statement.
Sony (Munich: 853687 - news) was not a party to either lawsuit.
Keywords: CITIGROUP RELATIVITY
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