Citigroup Strikes $730M Deal In Long-Running Investor Suit

By David McAfee · March 18, 2013, 9:45 PM EDT

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...

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Case Information

Case Title

In Re: CitiGroup Inc. Bond Action Litigation

Case Number

1:08-cv-09522

Court

New York Southern

Nature of Suit

Securities/Commodities

Date Filed

November 05, 2008