August 29, 2012
Citigroup Inc. on Wednesday agreed to pay $590 million to settle a consolidated class action in New York federal court accusing the bank of duping investors about its risky exposure to collateralized debt obligations, marking one of the largest settlements stemming from the banking industry's subprime securities meltdown.
July 18, 2011
A group of Citigroup Inc. investors asked a New York federal court on Friday for class certification in their consolidated suit accusing the company of making misleading statements about its exposure to subprime mortgages.
December 03, 2008
Investors have hit Citigroup Inc. with a consolidated class action accusing the financial giant of misleading them and concealing its stake in tens of billions of dollars in collateralized debt obligations amid the subprime mortgage meltdown.
September 04, 2008
Two plaintiffs are challenging a district judge's move to name ATD Group as the lead plaintiff in a group of class actions alleging that Citigroup Inc. made misleading and inaccurate statements about its exposure to subprime mortgages.
August 20, 2008
A federal judge on Tuesday consolidated a group of class action lawsuits alleging that Citigroup Inc. made misleading and inaccurate statements about its exposure to subprime mortgages, resulting in millions of dollars in losses for investors.