Welcome to the Citigroup Inc. Bond Litigation Website
Bond Plaintiffs, on behalf of themselves and the Bond Class, as defined in the Notice, have reached a proposed settlement of the Action with Defendants for $730,000,000 in cash that, if approved by the Court, will resolve all claims in the Action (the “Settlement”).
Please be advised that your rights may be affected and that you may be eligible for a payment from the Settlement, if you purchased or otherwise acquired, from May 11, 2006 through and including November 28, 2008 (the “Settlement Class Period”), any of the Bond Class Securities issued by Citigroup Inc. (“Citigroup”) or certain of its affiliates, and were damaged thereby. The full definition of the Bond Class is set forth in the Notice.
The Court in charge of this case held a hearing on July 23, 2013 at 10:00 a.m., before the Honorable Sidney H. Stein, at the Daniel Patrick Moynihan United States Courthouse, 500 Pearl Street, Courtroom 23A, New York, NY 10007, to determine, among other things, whether the proposed Settlement is fair, reasonable, and adequate and should be approved; whether the proposed Plan of Allocation is fair and reasonable and should be approved; and whether Bond Counsel’s motion for an award of attorneys’ fees and reimbursement of Litigation Expenses should be approved.
IMPORTANT DATES AND DEADLINES
- The Exclusion Filing Deadline was June 27, 2013.
- The Objection Filing Deadline was June 27, 2013.
- The Settlement Fairness Hearing was July 23, 2013 at 10:00 a.m.
- The Claim Filing Deadline was August 21, 2013.