Relevant:
- Citi to pay $73 million for misleading investors
- Citigroup to Pay $1.13B to Settle Investor Claims
- HSBC to Pay $550 Million to US Housing Authorities to End Mortgage-Related Suit
- Wells to pay $125 million over mortgage securities
- In Merrill Mortgage-Backed Securities Lawsuit, Judge Certifies Class-Action Status
2012-08-31 — nasdaq.com
In an effort to settle a lawsuit with investors related to mortgage-backed securities, Citigroup Inc. ( C ) has agreed to pay $24.9 million, according to a Reuters report. The investors claimed that Citi had presented misleading facts regarding the mortgage-backed securities, which the company sold prior to the bursting of the housing bubble.
The
...
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.
