Judge approves Citigroup’s $730M settlement with bondholders

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The shareholder settlement is separate from a $730 million accord with bondholders last month. According to court papers, the shareholder settlement also resolved claims against several former top Citigroup officials, including Chief Executive Charles Prince and senior adviser robert rubin. stein asked whether this was proper.

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.

Citigroup to pay $730M, The suit alleged citigroup misled buyers of its bonds over its exposure to subprime mortgages and other high-risk securities ahead of and during the crisis, from May 2006 to November 2008. The settlement is the latest step by Citi to put the ill.

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With all of the regulatory and legal complications now ironed out, the massive $16.65 billion settlement between Bank of America, the U.S. Department of Justice, certain federal agencies and six.

NEW YORK (Reuters) – A federal judge has approved a settlement in which Citigroup Inc agreed to pay bondholders $730 million to resolve claims that the bank concealed its exposure to billions of.

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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.

Advertisement Citigroup to pay $730M, The suit alleged Citigroup misled buyers of its bonds over its exposure to subprime mortgages and other high-risk securities ahead of and during the crisis, from May 2006 to November 2008. The settlement is the latest step by Citi to put the ill-effects of the financial crisis behind it.