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Citigroup

Tweet- From LexisNexis® Mealey’s™ Daily Legal News. Citibank N.A., Citigroup Inc. and several of their affiliates (collectively, Citibank) have reached a $ 435 million agreement with the liquidation trustee for Lehman Brothers Holdings Inc. (LBHI) subsidiary Lehman Brothers Inc. (LBI) regarding more than $ 1 billion in collateral posted by LBI before its bankruptcy, according […]

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TweetCitigroup recently announced its agreement, subject to court approval, to settle a class action lawsuit brought on behalf of shareholders who bought Citigroup common stock from February 2007 to April 2008, i.e. during the run up to the financial meltdown.  The plaintiff class contended that Citi’s management misled investors about the status of the bank’s […]

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