October 30, 2013
A New York federal judge on Wednesday threw out a lawsuit brought against Citigroup Inc. for negligent misrepresentation and fraud by shareholders who claim the bank issued misleading statements regarding residential mortgage-backed securities, holding the plaintiffs failed to allege cognizable damages.
August 01, 2013
A New York federal judge on Thursday gave final approval to a $590 million settlement between Citigroup Inc. and investors who claimed the bank lied about its exposure to toxic mortgage-backed securities, but slashed the fees awarded to lead counsel Kirby McInerney LLP by over $25 million.