Press release
Investigation announced for Investors in shares of Citigroup Inc. (NYSE: C)
An investigation for investors in Citigroup Inc. (NYSE: C) shares over potential securities laws violations by Citigroup Inc.
Investors who purchased shares of Citigroup Inc. (NYSE: C), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Citigroup Inc. (NYSE: C) concerning whether a series of statements by Citigroup Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On October 7, 2020, U.S. banking regulators announced enforcement actions against Citigroup Inc, 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 Inc failed to effectively address concerns related to risk management and controls that it previously identified in 2013 and 2015. Shares of Citigroup Inc. (NYSE: C) declined from $46.06 per share on October 6, 2020 to $42.25 per share on October 15, 2020.
Those who purchased shares of Citigroup Inc. (NYSE: C) have certain options and should contact the Shareholders Foundation.
Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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