ERISA Suits Latest Subprime Woe For Citigroup

Law360, New York (December 10, 2007, 12:00 AM EST) -- Eight Citigroup Inc. employees have filed class action lawsuits against the financial services giant and its board of directors alleging the company mismanaged employee pensions.

They now await a ruling on a motion to consolidate their complaints.

The named plaintiff in one of the class actions, Samier Tadros, filed an amended complaint on Friday. The amendments corrected minor errors in the original complaint, filed Nov. 19, according Tadros' attorney Robert Harwood.

The complaint, which is similar to those in the other seven cases, alleges that Citigroup...
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