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Case of the Day: Ahmad Hamad Algosaibi & Bros. v. Standard Chartered Int’l
The case of the day is Ahmad Hamad Algosaibi & Brothers Co. v. Standard Chartered International (USA) Ltd. (S.D.N.Y. 2011). While the New York case involved a request for judicial assistance, the underlying case, pending in the Cayman Islands and in Saudi Arabia, is a colorful tale of alleged fraud. AHAB, a Saudi Arabian general…
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Case of the Day: Fiorilla v. Citigroup Global Markets

The case of the day is Fiorilla v. Citigroup Global Markets, Inc. (S.D.N.Y. 2018). John Leopoldo Fiorilla brought an arbitration against Citigroup in 2010. Fiorilla, a self-described “unsophisticated” investor, opened an account with Citi in 2006 to manage his $19.5 million life savings. He alleged that through “mismanagement and malfeasance,” Citi “eviscerated” his savings, which…
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Case of the day: Petersen Energía v. Argentina
The case of the day is Petersen Energía Inversora v. Argentine Republic (2d Cir. 2026). This was the appeal from the $16 billion dollar judgment in favor of minority shareholders of YPF, who sought damages after Argentina nationalized the company in 2012. Although there were two consolidated cases, I’m going to focus just on one,…