August 12, 2013
After nearly a decade of litigation, a class of Smith Barney Management Fund LLC investors asked a New York federal judge Friday to approve a $5 million settlement of allegations that the brokerage and its executives misled investors about fees in company prospectuses.
March 21, 2013
A New York federal judge on Wednesday certified a class of shareholders accusing a Smith Barney Fund Management LLC executive of deceiving the public about a kickback scheme with Citigroup Inc. that harmed investors and violated securities law.
March 06, 2013
A group of Smith Barney Management Fund LLC investors asked a New York federal judge on Friday to certify an eight-year class action alleging the brokerage and its executive Lewis Daidone misled investors about fees in company prospectuses.
August 15, 2012
A New York federal judge on Wednesday dropped Citigroup Inc. units from an investor class action accusing them of pocketing fees for mutual funds they managed, saying the plaintiffs' Securities Exchange Act claims didn't meet heightened pleading standards established in recent U.S. Supreme Court decisions.