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Citadel Drops U.S. Portofino Suit as UK Bankruptcy Fight Takes Center Stage
NEWSJUL 8, 2026
Citadel Drops U.S. Portofino Suit as UK Bankruptcy Fight Takes Center Stage
Citadel has withdrawn its U.S. trade secrets lawsuit against crypto market maker Portofino Technologies after concluding that another judgment may be difficult to collect. The firm is now pursuing a bankruptcy order in England against Portofino co-founder Leonard Lancia over an unpaid London arbitration award.