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Citigroup agrees to pay $285M to investors for negligence, SEC says

Federal regulators charged a Citigroup unit with negligence Wednesday, saying it misled investors about an investment product it used to bet against them as the housing market deteriorated. Citigroup agreed to pay a settlement of $285 million, which will be distributed to investors, the Securities and Exchange Commission said.

 

JPMorgan, BofA sued over mortgage debt losses

JPMorgan Chase & Co and Bank of America Corp were hit with new lawsuits by investors seeking to recover losses on $4.5 billion of soured mortgage debt, expanding the litigation targeting the two largest U.S. banks.

 

Tribune investors sue banks that arranged financing

A group of investors in bankrupt Tribune Co sued JPMorgan, Merrill Lynch, Citicorp and Bank of America, claiming the banks arranged $3.7 billion in loans in 2007 they knew the company could never repay.

 

Icahn Sues Lions Gate

Carl Icahn sued Lions Gate over what he called a "reprehensible" debt-to-equity deal executed last week by the movie studio that reduced the activist investor's stake.

Senh: Another never-ending saga between Carl Icahn and Lions Gate. I'm sure glad that The Expendables was near completion when this whole takeover started. I'm not a fan of hostile takeovers.

 

BofA, execs owe 'billions' in Merrill lawsuit, Ohio AG says

BofA, execs owe 'billions' in Merrill lawsuit, Ohio AG says

Investors in a class-action lawsuit against Bank of America over the Merrill Lynch takeover are trying to collect "billions ...

 

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