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A federal judge approved a settlement in which Citigroup agreed to pay bondholders $730M for claims the bank concealed exposure to toxic mortgage assets prior to the financial crisis.
Judge approves Citigroup’s $730M settlement with bondholders Judge Approves Settlement in InfoGroup Shareholder Lawsuit – A Delaware judge has approved a settlement in a shareholder lawsuit brought against database provider infogroup Inc. over abusive personal spending by founder vinod gupta. The settlement approved.
$730M Settlement Reached in Citigroup Toxic Bonds Security Class Action Lawsuit. Lawyers for the bondholders state this settlement is the second largest recovery in securities class action lawsuit ever brought on behalf of bond investors. The settlement, approved by US District Judge Sidney.
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Judge approves Citigroup’s $730M settlement with bondholders With all of the regulatory and legal complications now ironed out, the massive .65 billion settlement between Bank of America, the U.S. Department of Justice, certain federal agencies and six.2.5 million homes in foreclosure, shadow inventory rising: John Burns Using that definition.
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Judge approves Citigroup’s $730M settlement with bondholders A U.S. district court judge who declined to approve a regulatory settlement entered into by the U.S. Securities and Exchange Commission (SEC) with Citigroup Inc. back in 2011 has now, reluctantly, given the deal his blessing. judge jed rakoff, of the U.S. District Court Southern.
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Judge approves Citigroup’s $730M settlement with bondholders On Tuesday, U.S. District Judge Jed Rakoff unwillingly approved Citigroup Inc. (C) a U.S. Securities and Exchange Commission (SEC) settlement of $285 million. The decision comes two months after.