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Judge approves Citigroup’s $730M settlement with bondholders

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A federal judge approved a settlement between the trustee unwinding Lehman Brothers and Citigroup over more than $1 billion that Lehman deposited at the bank the week it filed for bankruptcy.

A federal judge gave final approval Thursday to a $590 million settlement by Citigroup Inc that resolves a shareholder lawsuit accusing the bank of hiding tens of billions of dollars of toxic.

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Puerto Rico's Broken Bonds | CNBC Judge approves Citigroup’s $730M settlement with bondholders. Citigroup is required to pay bondholders $730 million to resolve claims that the mega bank concealed its exposure to billions of.

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NEW YORK (Reuters) – A federal judge has approved a settlement in which Citigroup Inc agreed to pay bondholders $730 million to resolve claims that the bank concealed its exposure to billions of.

A U.S. district court judge who declined to approve a regulatory settlement entered into by the U.S. Securities and Exchange Commission (SEC) with Citigroup Inc. back in 2011 has now, reluctantly, given the deal his blessing. Judge Jed Rakoff, of the U.S. District Court Southern District of New York.

Judge approves Citigroup’s $730M settlement with bondholders A Manhattan federal judge on Monday signaled he will not rubber-stamp Citigroup Inc’s proposed $590 million settlement of a shareholder lawsuit accusing it of hiding tens of billions of dollars of toxic mortgage assets. U.S. district judge sidney stein asked lawyers for the bank.

A federal judge approved a settlement that requires Citigroup (C) to pay bondholders $730 million to resolve claims that the bank concealed its exposures to billions of dollars of toxic mortgage.

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A federal judge approved a settlement that requires Citigroup (C) to pay bondholders $730 million to resolve claims that the bank concealed its exposures to billions of dollars of toxic mortgage.

Caesars Settles 1 Bondholder Lawsuit. By Jonathan. As part of the settlement, Danner’s attorneys sought a finding from a New York judge that Caesars Entertainment had violated a.

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