Welcome to the Citigroup Inc. Securities Litigation Website
The Citigroup Inc. Securities Litigation is a class action lawsuit alleging violations of the federal Securities Exchange Act of 1934 by Citigroup Inc. and certain of its former senior officers and directors.
Following arm’s length negotiations, Plaintiffs, through their lead counsel Kirby McInerney LLP, and the Defendants entered into an agreement to settle the lawsuit for $590 million. You may be a member of the proposed Settlement Class if you purchased or otherwise acquired Citigroup Inc. common stock between February 26, 2007 and April 18, 2008, inclusive. The proposed Settlement has been preliminarily approved by the Court, and Claim Packets are being mailed to potential Settlement Class Members. If you believe you are a member of the Settlement Class, you may download a Claim Form or file a Claim Form online.
The following are important dates and deadlines in connection
with the proposed Settlement:
- All requests for exclusion had to have been received by the Claims Administrator on or before December 6, 2012*
- All Objections had to have been be received by the Court and Counsel on or before December 21, 2012*
- All Proofs of Claim had to have been postmarked on or before February 7, 2013*
- The Settlement Hearing was held on April 8, 2013 at 10:00 a.m. before the Honorable Sidney H. Stein, at the U.S. District Court for the Southern District of New York, 500 Pearl St., Courtroom 23A, New York, NY 10007. The Court has not yet decided whether to approve the Settlement, the Plan of Allocation and an award of attorneys’ fees and reimbursement of Litigation Expenses. Even though the Court may ultimately approve the Settlement, there may then be appeals by interested parties, which may further delay distribution of the Net Settlement Fund. It is always uncertain how those appeals will resolve, and resolving them can take time, perhaps more than a year. The Court reserves the right to approve the Settlement after the Settlement Hearing without further notice to the members of the Settlement Class.
Please be advised that your rights may be affected by this class action lawsuit if you purchased or otherwise acquired Citigroup Inc. common stock between February 26, 2007 and April 18, 2008, inclusive. Please be sure to read the Notice to fully understand your rights.
If you wish to submit a claim, you may do so no later than February 7, 2013. The Claim Form can be submitted in one of three ways:
You may still submit a claim if you have not yet done so, however, the acceptance of all late claims is subject to Court approval and cannot be guaranteed. The Claim Form can be submitted in one of three ways:
- In hardcopy, and mailed to the following address:
In re Citigroup Inc. Securities Litigation
c/o GCG
PO Box 9899
Dublin, Ohio 43017-5799 - Online on this website.
- Electronically (for Institutions only).
If you have questions or need instructions on how to file a claim, please review the Frequently Asked Questions or Contact Us.
* Pursuant to Court Order entered January 2, 2013, certain Class Members who were mailed the Notice after November 9, 2012 received an extension of this deadline until March 8, 2013. Such persons were mailed written notification of this extension. With respect to objections, pursuant to orders entered on March 1 and 4, 2013, the Court further extended that deadline for these class members to object and file notices of intent to appear to March 15, 2013.
This website will be updated as more information becomes available. Please check back periodically for updates regarding the Settlement. Thank you for your patience.