This excerpt taken from the C 8-K filed Sep 9, 2005.
This excerpt taken from the C 10-Q filed Aug 4, 2005.
On May 2, 2005, Citigroup entered into a stipulation and agreement of settlement to settle IN RE: DYNEGY INC. SECURITIES LITIGATION. The District Court gave final approval to the settlement on July 7, 2005. The amount paid in settlement of this action is covered by existing litigation reserves.
This excerpt taken from the C 8-K filed Jun 7, 2005.
This excerpt taken from the C 10-Q filed May 4, 2005.
The court had previously denied lead plaintiff's motion for leave to amend; no appeal was yet timely while the remainder of the case remained pending. On April 15, 2005, as part of a global settlement involving all defendants, Citigroup entered into a memorandum of understanding to settle this case. The amount to be paid in settlement is covered by existing litigation reserves.
This excerpt taken from the C 10-K filed Feb 28, 2005.
On June 6, 2003, the complaint in a pre-existing putative class action pending in the United States District Court for the Southern District of Texas (IN RE: DYNEGY INC. SECURITIES LITIGATION) brought by purchasers of publicly traded debt and equity securities of Dynegy Inc. was amended to add Citigroup, Citibank and CGMI as defendants. The plaintiffs allege violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, as amended, against the Citigroup defendants. The Citigroup defendants filed a motion to dismiss in March 2004, which motion was granted by the District Court in October 2004. The court denied lead plaintiff's request for leave to appeal.