citadel suspend redemption

Discussion in 'Wall St. News' started by mind, Dec 13, 2008.

  1. mind


  2. I'm sure its legal as delineated in the small print, but it doesn't seem right. How long can they typically freeze redemptions?

    Perhaps Madoff should have frozen redemptions indefinitely.
  3. Not exactly. You could come to Chicago and hunt down Griffin at his home or office and demand your money to his face. :eek:
  4. nitro


    Citadel CDS are trading at 75% implied default. I hear Griffin is floating the company his own money until they can get back on their feet.

    Hope they make it.