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FIXED INCOME SHARES: SERIES M et al v. Citibank N.A. et al

  1. March 22, 2018

    RMBS Seller's Bankruptcy Axes Class Suit Against Citibank

    A New York federal judge on Tuesday dismissed a proposed class action alleging Citibank NA failed to properly oversee investments in certain residential mortgage-backed securities, saying the bankruptcy of the companies that sold and serviced the securities had blocked the bank from taking steps that might have helped investors.

  2. May 23, 2017

    Investors Rip Citi's Bid For Quick Win In RMBS Trustee Suit

    A group of institutional investors accusing Citibank NA of bungling its duties as a residential mortgage-backed securities trustee urged a New York federal court on Tuesday to deny the bank's bid to exit the proposed class action, telling the court that they have mustered enough evidence to cast doubt on Citi's version of events.

  3. April 10, 2017

    Citi Moves To Shut Down Remaining RMBS Trustee Claims

    Citibank NA asked a New York federal court to toss the remaining claims in a suit claiming the bank bungled its role as a mortgage-backed securities trustee, saying the investors have failed to sharpen their claims through discovery.

  4. September 18, 2015

    Citibank Can't Relate MBS Suits From Shareholders, FDIC

    A New York federal court Thursday denied Citibank NA's bid to relate the Federal Deposit Insurance Corp.'s suit over the bank's alleged failure as a trustee for mortgage-backed securities, to a second suit accusing the bank of mishandling MBS in pooled loans.

  5. September 08, 2015

    Citibank Gets Shareholders' MBS Suit Pared Down

    A New York federal judge on Tuesday dismissed a large portion of claims from a derivative class action accusing Citibank NA of mishandling mortgage-backed securities in more than $17 billion worth of pooled loans, finding the majority of the loans are not covered by federal law.

  6. April 14, 2015

    Shareholders Slam Citi's Motion To Dismiss MBS Suit

    Citibank NA shareholders on Tuesday slammed the bank's motion to dismiss its derivative class action over its handling of mortgage-backed securities in more than $17 billion worth of pooled loans, saying that the New York federal court has already rejected the same arguments in similar cases.

  7. December 01, 2014

    Citibank Sued By Shareholders Over RMBS Dealings

    Citibank NA shareholders on Monday accused the bank in a new derivative class action of misrepresenting the health of mortgage-backed securities in some $17.4 billion worth of pools of loans that the bank trusteed.