Judge Won’t Recuse From Citi Cases Over Husband’s Law Firm Ties

A federal judge in New York said Thursday that she won’t recuse herself from two cases involving Citigroup Inc. over her husband’s job at a law firm that frequently services the banking giant.

Plaintiffs in a securities suit over Citi’s internal controls sent a letter April 21 to Judge Loretta A. Preska of the U.S. District Court for the Southern District of New York, suggesting that more information was needed to determine if Preska had a conflict of interest. Her husband, Thomas J. Kavaler, works at Cahill Gordon & Reindel LLP, which regularly represents Citi and its subsidiaries in various ...