Relevant:
- Citi to pay $73 million for misleading investors
- Citigroup to Pay $1.13B to Settle Investor Claims
- HSBC to Pay $550 Million to US Housing Authorities to End Mortgage-Related Suit
- Wells to pay $125 million over mortgage securities
- In Merrill Mortgage-Backed Securities Lawsuit, Judge Certifies Class-Action Status
2012-08-31 — nasdaq.com
In an effort to settle a lawsuit with investors related to mortgage-backed securities, Citigroup Inc. ( C ) has agreed to pay $24.9 million, according to a Reuters report. The investors claimed that Citi had presented misleading facts regarding the mortgage-backed securities, which the company sold prior to the bursting of the housing bubble.
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