Citigroup Stock Plan Plaintiffs Appeal To 1st Circ.

Law360, New York (January 28, 2010, 12:55 PM EST) -- Though multidistrict litigation over the forfeiture provision in one of Citigroup Inc.'s employee stock plans recently has been trimmed down, class action plaintiffs in Colorado and Louisiana are not giving up without a fight.

The plaintiffs from those states filed a notice of appeal Wednesday that will move the case from the U.S. District Court for the District of Massachusetts to the U.S. Court of Appeals for the First Circuit. The lower court had dismissed their claims Jan. 6.

“Under the law of Louisiana and Colorado,...
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