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Citigroup Global Markets Inc. v. Impac Secured Assets Corp. et al
Case Number:
2:11-cv-04514
Court:
Nature of Suit:
Judge:
Firms
Companies
Sectors & Industries:
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January 24, 2013
Judge OKs $3.1M Impac MBS Settlement With Citibank
A California federal judge Thursday approved Impac Funding Corp.'s $3.1 million settlement with Citigroup Global Markets Inc. over allegations Impac violated the Securities Exchange Act by selling mortgage-backed securities based on false statements in mortgage documents.
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January 04, 2013
Impac To Pay $3.1M To Settle Citigroup Suit Over MBS Trust
Citigroup Global Markets Inc. has agreed to a $3.1 million settlement of a securities lawsuit alleging Impac Funding Corp. tricked investors into sinking more than $7 million into a mortgage-backed securities trust, according to papers filed Thursday in California federal court.
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May 04, 2012
Citigroup Wins Round In $7M MBS Suit Against Impac
In a victory for Citigroup Global Markets Inc., a California federal judge on Wednesday ruled in the company's favor on all but one claim in a $7.3 million securities suit accusing Impac Funding Corp. of misleading investors by filing a false statement in a mortgage-backed securities trust.
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April 11, 2012
Citigroup Seeks Slam Dunk On $7M Impac MBS Flub
Citigroup Global Markets Inc. urged California federal judge Wednesday to find that Impac Funding Corp. violated securities laws when it sold $7.3 million worth of certificates in a mortgage-backed securities trust, saying Impac clearly knew a federally filed document had a critical error.
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May 31, 2011
Citigroup Sues Impac Over Botched SEC Filing
Citigroup Global Markets Inc. claimed last week that California-based Impac Funding Corp. tricked it into sinking more than $7 million into a mortgage-backed securities trust and then, "out of the blue," changed the trust's distribution terms, causing Citigroup's investment to tank.