Investor Awarded Over $33,000 In Fees, Expenses In Citigroup Securities Suit

Mealey's (September 7, 2017, 10:34 AM EDT) -- NEW YORK — A shareholder in a securities class action lawsuit against Citigroup Inc. and others over their alleged issuance of misrepresentations regarding the financial institution’s exposure to the subprime mortgage lending crisis has shown that he is entitled to $33,412.50 in attorney fees and expenses incurred as part of his objection to the distribution of settlement funds to three cy pres beneficiaries that were designated by class counsel, a federal judge in New York ruled Sept. 1 in granting the investor’s motion (In re Citigroup Inc. Securities Litigation, No. 07-9901, S.D. N.Y., 2017 U.S. Dist. LEXIS 141719)....