Settlements and Verdicts: Citigroup Inc.

May 19 2004

A $2.65 billion settlement has been reached in the class action lawsuit filed on behalf of WorldCom Inc. investors. The suit alleged that Citigroup hid the long-distance telephone company's financial risks when it helped it sell $10 billion of debt in 2001. (May-10-04) [CBS] [SETTLEMENT WEBSITE]

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