Judge approves Citigroup’s $730M settlement with bondholders

A Manhattan federal judge on Monday signaled he will not rubber-stamp Citigroup Inc’s proposed $590 million settlement of a shareholder lawsuit accusing it of hiding tens of billions of dollars of toxic mortgage assets. U.S. District Judge Sidney Stein asked lawyers for the bank and its shareholders to address several issues at an April 8 fairness hearing, including requested legal fees and.

A federal judge approved a settlement that requires Citigroup (C) to pay bondholders $730 million to resolve claims that the bank concealed its exposures to billions of dollars of toxic mortgage.

A Manhattan federal judge on Monday signalled he will not rubber-stamp Citigroup Inc’s proposed $590 million (387.5 million pounds) settlement of a shareholder lawsuit accusing it of hiding tens.

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April 1 (Reuters) – A Manhattan federal judge on Monday signaled he will not rubber-stamp Citigroup Inc’s proposed $590 million settlement of a shareholder lawsuit accusing it of hiding tens of.

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Thinking About Bondholder Securities Class Actions. 2015 post entitled "Bondholders and Securities Class Actions" on the Harvard Law. s market cap is typically used as the starting point of the analysis because it is basis on which the potential settlement of a future class action.

Judge approves Citigroup’s $730M settlement with bondholders. Citigroup is required to pay bondholders $730 million to resolve claims that the mega bank concealed its exposure to billions of.

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The settlement now has to be approved by the Federal Housing Finance Agency and trustees of the 68 trusts.. a federal judge approved a settlement whereby Citigroup would pay bondholders $730m.

Citigroup Gets OK For $730M Bondholder Settlement. By. 2013, 1:48 PM EDT) — A New York federal judge on Tuesday approved a settlement that will have Citigroup Inc. pay $730 million.

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