Citigroup to Settle MBS Suit for $24.9 Million

Citigroup to settle MBS suit for $24.9 million (Reuters) — Citigroup Inc has agreed to pay nearly $25 million to settle a lawsuit by investors who said they were misled about the quality of mortgage-backed securities they bought just before the U.S. housing market crashed, according to court papers filed Monday in federal court. The … Read more
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