Citigroup Inc.

Citigroup (C) Long-Term Investor Alert: Johnson Fistel, LLP Investigates Citigroup

SAN DIEGO, October 10, 2020, PRNewswire

Johnson Fistel, LLP is investigating potential claims on behalf of Citigroup Inc. (NYSE: C) against certain of its officers and directors.

On October 7, 2020, U.S. banking regulators announced enforcement actions against Citigroup, citing “deficiencies in its risk management, internal controls, and data governance and consented to the assessment of a civil money penalty,” slapping the bank with a $400 million fine. The Federal Reserve Board noted that the action comes after Citigroup failed to effectively address concerns related to risk management and controls that it previously identified in 2013 and 2015.

If you are a long-term shareholder of Citigroup, you may have standing to hold Citigroup harmless from the alleged harm caused by the officers and directors of the Company by making them personally responsible. You may also be able to assist in reforming the Company’s corporate governance to prevent future wrongdoing [click here to join this action]. There is no cost or obligation to you.

If you are interested in learning more about the investigation, please contact Lead Analyst Jim Baker ([email protected]) at 619-814-4471. If you email, please include your phone number.

About Johnson Fistel, LLP:
Johnson Fistel, LLP, is a nationally recognized shareholder rights law firm with offices in California, New York, and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit https://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.

Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
[email protected]

[click here to join this action]

  • Plaintiff certifies that:
    • 1. Plaintiff did not acquire the security that is the subject of this action at the direction of plaintiff's counsel or in order to participate in this private action or any other litigation under the federal or state securities laws.
    • 2. Plaintiff is willing to serve as a representative party, including providing testimony at deposition and trial, if necessary.
    • 3. Plaintiff represents and warrants that he/she/it is fully authorized to enter into and execute this certification.
    • 4. If a class action is filed, Plaintiff will not accept any payment for serving as a representative party on behalf of a class beyond the Plaintiff's pro rata share of any recovery, except such reasonable costs and expenses (including lost wages) directly relating to the representation of the class as ordered or approved by the court.
    • 5. For purposes of a class action, Plaintiff has made no transaction(s) during the Class Period in the debt or equity securities that are the subject of this action except those set forth below:
  • Acquisitions (include: date shares were acquired, number of shares acquired, and acquisition price per share. Separate each item with a comma. For multiple acquisitions, separate each acquisition with a new line):
  • Sales (include: date shares were sold, number of shares sold, and selling price per share. Separate each item with a comma. For multiple sales, separate each sale with a new line.):
  • During the three years prior to the date of this certification, Plaintiff has not sought to serve or be served as a representative party for a class in an action filed under the federal securities law except if detailed below:

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