December 19, 2013
A New York federal judge on Thursday cut by $30 million the requested attorneys' fees for lawyers behind Citigroup Inc.'s $730 million class action settlement resolving allegations that the bank misrepresented its exposure to subprime assets, ruling the $146 million request was too large a percentage of the award.
August 20, 2013
A New York federal judge on Tuesday approved a settlement that will have Citigroup Inc. pay $730 million to an investor class that alleged the bank misled purchasers about its exposure to collateralized debt obligations backed by subprime assets.
June 11, 2013
Attorneys who wrangled a $730 million class action settlement out of Citigroup Inc. over allegations the bank misled purchasers about its exposure to collateralized debt obligations backed by subprime assets on Friday asked for $146 million in fees in New York federal court.
March 18, 2013
Citigroup Inc. will pay $730 million to settle an investor class action alleging it misled purchasers about its exposure to collateralized debt obligations backed by subprime assets, according to a settlement agreement filed Monday.