In re Citigroup Inc. Bond Action Litigation

Case # 08-cv-09522
Case Name In re Citigroup Inc. Bond Action Litigation
Jurisdiction US District Court for S.D. NY
Summary

Citigroup raised over $71 billion from investors through the sale of bonds. However, Plaintiffs allege that Citigroup did not adequately disclose their exposure on several hundred billion dollars worth of toxic securities tied to residential mortgages. Purchasers of these bonds suffered a "collapse in the value of their investments." (see Complaint, paragraph 12.)

Final Approval Date 12/19/2013
Result
  1. Final Approval granted.
  2. The Hopson Objectors (through Attorneys Verdiramo and Pentz) appealed the Order Granting Attorneys' fees.
  3. Appeal was voluntarily dismissed.
Dismissal of Last Appeal 02/10/2014
Attachments Docket Report.pdf
Consolidated Amended Class Action Complaint.pdf
Preliminary Approval.pdf
Plaintiffs' Response to Objections.pdf
Fairness Hearing Transcript.pdf
Final Order.pdf
Order Granting Attorneys' Fees.pdf
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Objection of Lexie L. Hopson, Michelle B. Hopson

Objectors Lexie L. Hopson
Michelle B. Hopson
Signers Vincent S. Verdiramo
Attorneys Vincent S. Verdiramo
John J. Pentz
Summary
  1. Attorneys' fees are excessive and improperly calculated.

John J. Pentz filed his appearance on the appeal, less than a week before the appeal was voluntarily dismissed.

Attachments Objection of Lexie and Michelle Hopson.pdf
Appeal of Hopson Objectors.pdf
Notice of Defective Appeal (Hopson Appeal).pdf
Pentz Appearance for Hopson Objector-Appellants.pdf
Dismissal of Hopson Appeal.pdf
Hopson Appeal Docket.pdf
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Objection of Donald W. Giffin

Objectors Donald W. Giffin
Signers Donald W. Giffin
Attorneys
Summary
  1. Injunctive relief is insufficient.
Attachments Objection of Donald W. Giffin.pdf
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Objection of Bruce M. Smackey

Objectors Bruce M. Smackey
Signers Bruce M. Smackey
Attorneys
Summary
  1. Settlement amount negotiations are not sufficiently transparent.
  2. Attorneys' fee request is not sufficiently transparent.
Attachments Objection of Bruce M. Smackey.pdf
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