The Australian Securities & Investments Commission on Monday launched an insider trading case against Citigroup Inc., which many observers expect will produce a landmark judgment on how investment banks separate their principal trading and merger advisory operations.

ASIC has brought civil charges against Citigroup Australia over trading in shares of transport group Patrick Corp., a company targeted by Toll Holdings, which Citigroup was advising.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]