Judge Consolidates Securities Suits Against Citi

Law360, New York (August 20, 2008, 12:00 AM EDT) -- A federal judge on Tuesday consolidated a group of class action lawsuits alleging that Citigroup Inc. made misleading and inaccurate statements about its exposure to subprime mortgages, resulting in millions of dollars in losses for investors.

Judge Sidney Stein of U.S. District Court for the Southern District of New York named ATD Group, a collection of individual investors, the lead plaintiff in the case. The law firm Kirby McInerney LLP was named the lead attorney.

Two state agencies, the Public Employees' Retirement Association of Colorado and...
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