Citigroup, Investors Reach Accord In Subprime Loan Suit

Law360, New York (May 31, 2013, 6:26 PM EDT) -- Citigroup Inc. has settled a consolidated lawsuit brought by institutional investors alleging it misled the markets about its exposure to subprime loans ahead of the financial crisis, a lawyer for the plaintiffs said Friday.

U.S. District Judge Sidney H. Stein signed off on a request to drop the suit, which was brought by a number of institutional investors. Stuart M. Grant of Grant & Eisenhofer PA, a lawyer for the plaintiffs, said Citigroup agreed to settle.

“The amount is confidential,” Grant said. “Plaintiffs did very well.”...
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Case Information

Case Title

International Fund Management S.A. et al v. CitiGroup Inc. et al

Case Number



New York Southern

Nature of Suit



Sidney H. Stein

Date Filed

October 14, 2009

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