Judge approves Citigroup’s $730M settlement with bondholders

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.

New home sales drop in August With the drop-off in sales, the inventory of new homes for sale jumped to a 5.8-months supply, up from 4.9 months in August, the Census Bureau reported. New-home sales have historically totaled around 1 million a year and continue to be a weak spot in the recovery, said Danielle Hale, an NAR analyst.

Last year, in a separate development, a federal judge approved a settlement whereby Citigroup would pay bondholders $730m. It was to resolve claims Citigroup 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.

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.

COMMITTED: Freddie Mac aims for 75% reduction in short-sale timelines Housing permits, starts both fall in January U.S. housing starts unexpectedly fell in January likely as bad weather disrupted building projects in some parts of the country, in what could be a temporary setback for the housing market. groundbreaking fell 3.8 percent to a seasonally adjusted annual pace of 1.099 million units, the Commerce departmentcommitted: freddie mac aims for 75% reduction in short-sale timelines | REwired . Home buyers and/or investors, you know that short sale deal you have you eye on and maybe even an offer on, housing wire shares that Freddie Mac is aiming for 75% reduction in Short Sale timelines.

Thinking About Bondholder Securities Class Actions. 2015 post entitled "Bondholders and Securities Class Actions" on the Harvard Law. s market cap is typically used as the starting point of the analysis because it is basis on which the potential settlement of a future class action.

On Monday, the U.S. District Judge in Manhattan, Sidney H. Stein received papers for the approval of Citigroup Inc.’s $730 million settlement deal with investors pertaining to the purchase of the.

BofA Rolls Out $8.4 Billion Loan Mod Program In fact, Bank of America Corp. is taking a similar approach with newly acquired Countrywide Financial Corp. as part of an $8.4 billion, 12-state legal. report released this month. Among 18 loan.

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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With the Fed decision just one day away, followed the very next day by the increasingly more irrational BOJ, stocks had no desire to make significant moves and overnight’s boring session was the result, as European stocks and U.S. index futures rose modestly but mostly hugged the flatline while Asian declined 0.2% for a third day as raw-material shares declined and Tokyo equities slumped.