North Carolina Business Litigation Report

Preliminary Injunction Hearing To Be Rescheduled In The North Carolina Litigation Involving Wachovia-Citigroup-Wells Fargo Merger Issues

The parties to the North Carolina lawsuit in which Wachovia's former CEO, Bud Baker, obtained a Temporary Restraining Order against Citigroup's efforts to acquire the banking operations of Wachovia have agreed to a Consent Scheduling Order.

The Order, if approved by Judge Diaz of the North Carolina Business Court, will move the Preliminary Injunction hearing from tomorrow (Thursday) at 2:00 p.m. to Monday, October 13th, at 2:00 p.m. in the North Carolina Business Court.

The Proposed Order provides that the supporting papers of the parties will be filed by Thursday, October 9th, at noon.  Responsive materials will be filed on Friday, October 10th, at noon.  Those papers will apparently be filed under seal, given that the parties have presented a Confidentiality Order to the Court asking to be allowed to file documents in that manner. 

I've written two previous posts about the North Carolina litigation, which have links to the Complaint, the TRO, and Affidavit of Wachovia's CEO, and other documents.  The first one is here, the second one is here.

 

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Mack Sperling
Brooks Pierce, LLP
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