We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Citigroup Settles 26 WorldCom Securities Lawsuits

Law360 (November 6, 2006, 12:00 AM EST) -- Citigroup has settled 26 lawsuits brought by individuals who had opted out of the WorldCom securities class action settlement, the company said in its latest filing on Friday with the Securities and Exchange Commission.

The suits were settled for an undisclosed amount in Circuit Court in Palm Beach County, Fla. nearly two months ago, on Sept. 11.

Citigroup said it had funds to settle the litigation in existing reserves and would not have to set aside additional funds.

The case stems from WorldCom securities litigation, in...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.