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 Settlement Class if you purchased or otherwise acquired Citigroup Inc. common stock between February 26, 2007 and April 18, 2008, inclusive. The Settlement was approved by the Court on August 1, 2013, and Lead Counsel filed their Motion to Authorize Distribution of the Net Settlement Fund on April 25, 2014. The Court authorized the distribution of the Net Settlement Fund on May 30, 2014.

The following are important dates and deadlines
in connection with the 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 approved the Settlement and the Plan of Allocation and awarded attorneys’ fees and reimbursement of Litigation Expenses on August 1, 2013.

  • Lead Counsel filed their Motion to Authorize Distribution of the Net Settlement Fund on April 25, 2014.

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.

The deadline to submit a claim was February 7, 2013.

* 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.