Kirby McInerney Announces $590 Settlement in Class-Action Suit With Citi Group
Kirby McInerney LLP is pleased to announce an agreement to settle the securities class action lawsuit titled In re Citigroup Inc. Securities Litigation, 07-cv-9901 (S.D.N.Y.) for $590 million. The suit was brought on behalf of investors who purchased or otherwise acquired shares of Citigroup common stock during the time period from February 26, 2007 through April 18, 2008 (the "Class Period").
The $590 million settlement, which is subject to court approval, represents a significant recovery relating to the subprime/credit crisis.
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