Merryman et al v. Citigroup, Inc., et al

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Case overview

Case Number:

1:15-cv-09185

Court:

New York Southern

Nature of Suit:

Contract: Other

Multi Party Litigation:

Class Action

Judge:

Colleen McMahon

Firms

Companies

Sectors & Industries:

  1. July 12, 2019

    Attys Get $4.9M In Fees In Citigroup Exchange Rate Suit

    The attorneys for a class of Citigroup Inc.-sponsored American depositary receipt holders will receive nearly $5 million in fees after securing a $14.75 million settlement in a suit alleging the bank manipulated the foreign exchange rate when providing dividends to ADR holders.

  2. August 21, 2018

    ADR Holders Seek Initial OK On $15M Deal With Citigroup

    A class of Citigroup Inc.-sponsored American depositary receipts holders on Monday asked a New York federal judge for preliminary approval of a $14.75 million settlement with the bank over its alleged manipulation of the foreign exchange rate when providing dividends to ADR holders.

  3. May 10, 2018

    ADR Holders Try To Intervene In Citigroup Exchange Rate Suit

    Two holders of Citigroup-sponsored American depository receipts urged a New York federal judge on Wednesday to let them intervene in a class action against Citigroup Inc. over the bank's alleged manipulation of the foreign exchange rate when providing dividends to ADR holders.

  4. March 23, 2018

    Citigroup ADR Holders Get Partial Class Cert. In FX Suit

    A New York federal judge granted class certification Thursday to holders of just three of the 35 American depository receipts originally named in a putative class action accusing Citigroup Inc. and its affiliates of manipulating the exchange rate when providing dividends from foreign companies to ADR holders.