In Re: CitiGroup Inc. Bond Action Litigation

Justia Dockets & Filings Second Circuit New York Southern District In Re: CitiGroup Inc. Bond Action Litigation

In Re: CitiGroup Inc. Bond Action Litigation

Plaintiff:	Louisiana Sheriffs' Pension and Relief Fund and Louisiana Municipal Police Employees' Retirement System
Defendant:	CitiGroup, Inc., Charles Prince, Sallie L. Krawcheck, John C. Gerspach, Sanford I. Weill, C. Michael Armstrong, Alain J.P. Belda, George David, Kenneth T. Derr, John M. Deutch, Roberto Hernandez Ramirez, Ann Dibble Jordan, Klaus Kleinfeld, Andrew N. Liveris, Dudley C. Mecum, Ann M. Mulcahy, Richard D. Parsons, Judith Rodin, Robert E. Rubin, Franklin A. Thomas, Citigroup Global Markets Inc., JPMorgan Chase & Co., Goldman Sachs & Co., UBS Securities LLC, Banc of America Securities LLC, Barclays Capital Inc., Deutsche Bank Securities Inc., SBK-Brooks Investment Corp., Utendahl Capital Partners, L.P., Loop Capital Markets LLC, Toussaint Capital Markets, LLC, Credit Suisse Securities (USA) LLC, Greenwich Capital Markets Inc., Jackson Securities LLC, The Williams Capital Group, L.P., Castleoak Securities, L.P., Guzman & Co., Cabrera Capital Markets, LLC, Samuel A. Ramirez & CO., Inc., Muriel Siebert & Co., ING Belgium, SA, Danske Bank A/S, Fortis Bank NV-SA and KPMG LLP
Case Number:	1:2008cv09522
Filed:	November 5, 2008
Court:	US District Court for the Southern District of New York
Office:	Securities/Commodities Office
County:	New York
Presiding Judge:	Unassigned
Nature of Suit:	Plaintiff
Cause of Action:	Federal Question
Jury Demanded By:	28:1442 Notice of Removal

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Date Filed	Document Text
December 19, 2013	Filing 183 OPINION & ORDER re: 158 MOTION for Attorney Fees AND REIMBURSEMENT OF LITIGATION EXPENSES filed by American European Insurance Company, City of Philadelphia Board of Pensions and Retirement, Miami Beach Employees' Retirement Plan, City of Tallahassee Retirement System, Southeastern Pennsylvania Transit Authority, Louisiana Sheriffs' Pension and Relief Fund. For the reasons set forth in this Opinion & Order, The Court grants plaintiffs' counsel's motion for an award o f attorneys' fees and reimbursement of litigation expenses. (Dkt. No. 158.) Specifically, the Court awards attorneys' fees in the amount of 16 % of the settlement fund, or $116.8 million; reimbursement of reasonable costs and expenses to leaf plaintiffs in the amount of $39,946. (Signed by Judge Sidney H. Stein on 12/19/2013) (tro)
August 20, 2013	Filing 180 OPINION AND ORDER. For the reasons set forth in this Opinion and Order, the $730 million settlement and the plan of allocation are fair, reasonable, and adequate. In addition, the Court finds that the class was provided with adequate notice of c lass certification and of the settlement. Accordingly, plaintiffs' motion for final approval of the settlement and the plan of allocation is granted. (Dkt. No. 156.) re: 156 MOTION to Approve CLASS ACTION SETTLEMENT AND PLAN OF ALLOCATION file d by American European Insurance Company, City of Philadelphia Board of Pensions and Retirement, Miami Beach Employees' Retirement Plan, City of Tallahassee Retirement System, Southeastern Pennsylvania Transit Authority, Louisiana Sheriffs' Pension and Relief Fund. (Signed by Judge Sidney H. Stein on 8/20/2013) (rjm)
July 12, 2010	Filing 59 OPINION AND ORDER, that because the Court finds that plaintiffs have standing to raise Section 11 and 15 claims and state plausible claims to relief pursuant to those sections insofar as they allege misstatements respecting (1) Citigroups CDO holding s, (2) the credit quality of Citigroup's SIV holding once those holdings were consolidated in December 2007-i.e., the "post-consolidation statements," (3) Citigroup's loan loss reserves, (4) Citigroup' s "well capitalize d" status, and (5) Citigroup's compliance with GAAP as set forth more fully above, defendants' motions to dismiss are denied with respect to those claims as raised in counts I, II, III, VI, and VII of the complaint. Defendants' m otions to dismiss are granted with respect to all of plaintiffs Section 12 claims as raised in counts IV and V well as plaintiffs' Section 11 claims insofar as they allege misstatements respecting (1 ) Citigroup's exposure to its SIV holdings before those holdings were consolidated in December 2007-i.e., the "pre-consolidation" statements, and (2) Citigroup's ARS exposure. (Signed by Judge Sidney H. Stein on 7/12/10) (pl) .

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Plaintiff: Louisiana Sheriffs' Pension and Relief Fund
Represented By:	Gerald Harlan Silk
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Plaintiff: Louisiana Municipal Police Employees' Retirement System
Represented By:	Gerald Harlan Silk
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Defendant: CitiGroup, Inc.
Represented By:	Richard A. Rosen
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Defendant: Charles Prince
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Defendant: Sallie L. Krawcheck
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Defendant: John C. Gerspach
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Defendant: Sanford I. Weill
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Defendant: C. Michael Armstrong
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Defendant: Alain J.P. Belda
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Defendant: George David
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Defendant: Kenneth T. Derr
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Defendant: John M. Deutch
Represented By:	Richard A. Rosen
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Defendant: Roberto Hernandez Ramirez
Represented By:	Richard A. Rosen
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Defendant: Ann Dibble Jordan
Represented By:	Richard A. Rosen
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Defendant: Klaus Kleinfeld
Represented By:	Richard A. Rosen
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Defendant: Andrew N. Liveris
Represented By:	Richard A. Rosen
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Defendant: Dudley C. Mecum
Represented By:	Richard A. Rosen
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Defendant: Ann M. Mulcahy
Represented By:	Richard A. Rosen
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Defendant: Richard D. Parsons
Represented By:	Richard A. Rosen
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Defendant: Judith Rodin
Represented By:	Richard A. Rosen
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Defendant: Robert E. Rubin
Represented By:	Richard A. Rosen
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Defendant: Franklin A. Thomas
Represented By:	Richard A. Rosen
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Defendant: Citigroup Global Markets Inc.
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Defendant: JPMorgan Chase & Co.
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Defendant: Goldman Sachs & Co.
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Defendant: UBS Securities LLC
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Defendant: Banc of America Securities LLC
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Defendant: Barclays Capital Inc.
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Defendant: Deutsche Bank Securities Inc.
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Defendant: SBK-Brooks Investment Corp.
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Defendant: Utendahl Capital Partners, L.P.
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Defendant: Loop Capital Markets LLC
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Defendant: Toussaint Capital Markets, LLC
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Defendant: Credit Suisse Securities (USA) LLC
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Defendant: Greenwich Capital Markets Inc.
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Defendant: Jackson Securities LLC
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Defendant: The Williams Capital Group, L.P.
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Defendant: Castleoak Securities, L.P.
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Defendant: Guzman & Co.
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Defendant: Cabrera Capital Markets, LLC
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Defendant: Samuel A. Ramirez & CO., Inc.
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Defendant: Muriel Siebert & Co.
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Defendant: ING Belgium, SA
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Defendant: Danske Bank A/S
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Defendant: Fortis Bank NV-SA
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Defendant: KPMG LLP
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