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This excerpt taken from the C 8-K filed Jan 23, 2009. Securities Fraud Actions: Four putative class actions were filed in
the Southern District of New York by shareholders alleging violations of
Sections 10 and 20 of the Securities Exchange Act. Plaintiffs in these actions
allege that Citigroup’s stock price was artificially inflated as a result of
allegedly misleading disclosures relating to the Company’s subprime-mortgage-related
exposures, and that plaintiffs suffered losses when the Company’s exposure to
these assets was disclosed. Various plaintiffs have filed motions to
consolidate the actions and for appointment as lead plaintiff, which remain
pending.
This excerpt taken from the C 8-K filed Aug 14, 2008. Securities
Fraud Actions: Four
putative class actions were filed in the Southern District of New York by
shareholders alleging violations of Sections 10 and 20 of the Securities
Exchange Act. Plaintiffs in these actions allege that Citigroup’s stock price
was artificially inflated as a result of allegedly misleading disclosures
relating to the Company’s subprime-mortgage-related exposures, and that
plaintiffs suffered losses when the Company’s exposure to these assets was
disclosed. Various plaintiffs have filed motions to consolidate the actions and
for appointment as lead plaintiff, which remain pending.
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