July 26, 2017

Citigroup to Settle MBS Suit for $24.9 Million

Citigroup to settle MBS suit for $24.9 million (Reuters) – Citigroup Inc has agreed to pay nearly $25 million to settle a lawsuit by investors who said they were misled about the quality of mortgage-backed securities they bought just before the U.S. housing market crashed, according to court papers filed Monday in federal court. The … Read more
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  1. Citigroup to Pay a Mere $285 Million to Settle SEC Charges for Misleading Investors About CDO Tied to Housing Market
  2. Deutsche Bank to Pay $32.5 Million to Settle Mortgage Suit – Massachusetts Bricklayers and Masons Trust Funds v. Deutsche Alt-A Securities
  3. U.S. SECURITIES COMMISSION v CITIGROUP GLOBAL MARKETS INC | $285 Million Citi Settlement With SEC Rejected by Judge Jed Rakoff

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