Citigroup Inc has gone to court to block a new effort by Abu Dhabi Investment Authority to pursue an arbitration over a $7.5 billion investment the sovereign wealth fund made in the bank amid the subprime mortgage meltdown in 2007. In a complaint unsealed Tuesday in U.S. District Court in New York, Citigroup said that by filing a claim last month, ADIA had made an "assault" on a federal court ruling in March that upheld the bank's win in an earlier international arbitration. ADIA in the initial arbitration accused Citigroup of fraud and sought $4 billion. Only after losing that case did ADIA discover it had more grievances stemming from its investment, Citigroup said in its complaint. ADIA now seeks $2 billion for each of its claims, the lawsuit said. ADIA is asserting claims of breach of contract and breach of the implied covenant of good faith and fair dealing. "ADIA's new arbitration is nothing more than an improper attempt to litigate claims that ADIA knew about, could
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