MBS Investors Sue Citigroup for Bad Disclosures; Law Firm Plans Challenge to CFC, AGs Settlement
October 31, 2008
More investors are gearing up to obtain relief and damages for massive losses they suffered during the worst financial crisis in the nation’s history. Institutional investors in Michigan filed a class-action lawsuit against Citigroup Mortgage for allegedly misleading and deceiving them about the quality of MBS they purchased shortly before the deals went sour. The class action...