March 22, 2018
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.
May 23, 2017
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.
April 10, 2017
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.
September 18, 2015
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.
September 08, 2015
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.
April 14, 2015
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.
December 01, 2014
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.