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In re Citigroup Securities Litigation

  1. April 24, 2024

    Investors Say Macquarie No Magic Bullet For Citi In Fraud Suit

    Citigroup investors fighting for another chance to sue the bank over allegations that it concealed risk management failures that led to a $400 million regulatory fine told a New York federal judge Tuesday that the U.S. Supreme Court's recent decision to limit corporate disclosure lawsuits is not terminal to their case.

  2. May 25, 2023

    Citi Investors Seek New Shot At Suit Over Bank's $400M Fine

    Citigroup investors have asked a New York federal judge to grant them leave to file an amended complaint in a proposed class action accusing the bank of misleading them about persistent risk management weaknesses that eventually led to a $400 million fine from the Office of the Comptroller of the Currency.

  3. March 24, 2023

    Citigroup Investor Suit Over $400M OCC Fine Axed, For Now

    Citigroup on Friday beat a proposed investor class action stemming from a $400 million fine it paid the Office of the Comptroller of the Currency when a New York federal judge found, among other things, that the allegedly misleading statements and omissions the bank made about its internal controls were not actionable.

  4. May 05, 2022

    Citi Investors Can't DQ Judge Married To Cahill Atty

    Manhattan U.S. District Judge Loretta A. Preska refused Thursday to recuse herself from securities litigation against Citigroup on the basis that the bank is a client of her husband's law firm, Cahill Gordon & Reindel LLP.