July 15, 2014
by Taylor Gillan
Citigroup, Inc. on Monday agreed to pay $7 billion to settle a federal inquiry into mortgage-backed securities sold by the bank prior to the country's financial crisis. The deal, which involves one of the largest cash penalties ever paid to settle such allegations, includes a $4 billion civil ...[read more]
July 2, 2014
by Jason Kellam
JURIST Guest Columnist Akshat Tewary of the Law Offices of Kamlesh Tewary discusses Judicial Independence and Agency Accountability in reference to SEC v. Citigroup... The US Court of Appeals for the Second Circuit recently issued a ruling that could debilitate the ability of the judiciary to ...[read more]
April 11, 2014
by Amy Mathieu
Judge William Pauley of the US District Court for the Southern District of New York dismissed a class action lawsuit on Thursday against American Express, Citigroup and Discover Financial Services that alleged the three credit card issuers violated the Sherman Antitrust Act by colluding to require ...[read more]
August 2, 2013
by G. Redd
A judge for the US District Court for the Southern District of New York on Thursday approved a settlement wherein Citigroup will pay its investors over $590 million for misrepresenting its assets in securities linked to the sub-prime mortgage crisis. The case reached a preliminary settlement in ...[read more]
April 2, 2013
by Samuel Franklin
A judge for the US District Court for the Southern District of New York on Monday refused to approve Citigroup Inc.'s proposed $590 million settlement of a shareholder lawsuit, questioning the reasonableness of some details of the agreement. Judge Sidney Stein requested that Citigroup and its ...[read more]
March 19, 2013
by Peter Snyder
Citigroup, Inc. agreed on Monday to pay out $730 million to settle a lawsuit brought by investors claiming the financial services corporation misled debt investors about its condition during the financial crisis. According to a statement from Citigroup, the agreement will settle "a class action ...[read more]
January 16, 2012
by Stephen Krug
JURIST Guest Columnists Bradley Bondi and Douglas Fischer of Cadwalader, Wickersham & Taft LLP say that when defendants in SEC lawsuits can "neither admit nor deny" the allegations against them, the courts are forced to assert their authority when they do not know the facts...It's not denial. ...[read more]
November 29, 2011
by Drew Singer
A judge for the US District Court for the Southern District of New York on Monday blocked a proposed $285 million settlement with Citigroup Inc over the sale of toxic mortgage debt. The US Securities and Exchange Commission (SEC) put no effort into learning what Citigroup did wrong, Judge Jed ...[read more]
October 28, 2011
by Katherine Getty
A judge for the US District Court for the Southern District of New York on Friday ordered the US Securities and Exchange Commission (SEC) and Citigroup to defend their recent settlement agreement. The agreement concluded the dispute that charged Citigroup with having misled its investors about a ...[read more]
October 20, 2011
by Dan Taglioli
Citigroup Inc. on Wednesday announced a $285 million settlement to resolve charges brought by the Securities and Exchange Commission (SEC) that a subsidiary of the global financial services firm defrauded investors who bought toxic housing-related debt during the housing crisis. Citigroup Global ...[read more]

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