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City of Ann Arbor Employees Retirement System v. Citigroup Mortgage Loan Trust Inc. et al
Case Number:
2:08-cv-01418
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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August 27, 2012
Citigroup To Pay $25M To Settle Investors' MBS Suit
A Citigroup Inc. unit has agreed to pay $25 million to settle an investors' class action alleging that it lied about the quality of mortgage-backed securities it sold, plaintiffs said Monday.
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December 13, 2011
Citigroup Reaches Tentative Deal In Subprime Suit
The parties in a putative class action accusing a Citigroup Inc. unit of making false statements when it issued mortgage-backed securities have reached a settlement in principle, an attorney for the plaintiff said last week.