Litigation

Recent Posts

N.Y. Lawsuit: Citigroup Used Recession To Fire Women
Posted on 15 Oct 2010 by LexisNexis Litigation Resource Community Staff

NEW YORK - (AP) Citigroup was accused in a lawsuit Wednesday of using companywide layoffs during the recent financial turmoil to purge its work force of scores of female employees to save the jobs of less-qualified men. The lawsuit filed in U.S. District... Read More

Tags: bailout , Discrimination , layoffs , Citigroup , gender discrimination , CitiFinancial North America , Litigation , lawsuit , recessionary discrimination

Wells Fargo To Pay Citi $100M To Settle Wachovia Lawsuit
Posted on 19 Nov 2010 by LexisNexis Litigation Resource Community Staff

NEW YORK - (AP) Wells Fargo & Co. has agreed to pay $100 million to Citigroup Inc. to settle a dispute related to its acquisition of Wachovia Corp. in October 2008, at the height of the financial crisis. Wachovia was teetering on the brink of collapse... Read More

Tags: bailout , Wachovia , Damages , Citigroup , Citi , banks , Wells Fargo , Litigation , lawsuit , Settlement , Financial Crisis , loans , Real Estate

Citigroup Paying $75 Million To Settle Civil Charges
Posted on 29 Jul 2010 by LexisNexis Litigation Resource Community Staff

WASHINGTON, D.C. - (AP) Banking titan Citigroup Inc. is paying $75 million to settle civil charges that it misled investors about its potential losses from subprime mortgages as the housing bust hit in 2007. The Securities and Exchange Commission announced... Read More

Tags: mortgage , bailout , Banking , Citigroup , Securities and Exchange Commission , Robert Khuzami , SEC , Litigation , lawsuit , settle , Subprime , Arthur Tildesley Jr. , Gary Crittenden