Kahn v. Student Loan Corp.

CONCLUDED

Hearing
12/01/10 – 12/01/10

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Summary

In this Finance Mergers and Acquisitions litigation hearing, plaintiff shareholder Alan Kahn sought to enjoin the acquisition of Student Loan Corporation by Discover Financial Services. The plaintiff alleged Citigroup’s sale of Student Loan Corporation for $600 million wasn’t fair for the minority shareholders as the business was worth more.

The plaintiff was represented by attorneys Ethan Wohl, Sidney Liebesman, Carmella Keener. The defense in this case comprised of Citigroup Global Markets Inc. and Student Loan Corporation. Citigroup Global Markets was represented by attorney Edward Welch. Student Loan Corporation was represented by attorney Kenneth Nachbar.

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Outcome

Motion Denied

Sessions

Recording Disclaimer: This proceeding was recorded in full.

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