Judge approves Citigroup’s $730M settlement with bondholders

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The settlement now has to be approved by the Federal Housing Finance Agency and trustees of the 68 trusts.. a federal judge approved a settlement whereby Citigroup would pay bondholders $730m.

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$730M Settlement Reached in Citigroup Toxic Bonds Security Class Action Lawsuit. Lawyers for the bondholders state this settlement is the second largest recovery in securities class action lawsuit ever brought on behalf of bond investors. The settlement, approved by US District Judge Sidney.

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Goldman already announced in January when the agreement was.Judge approves Citigroup’s $730M settlement with bondholders 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.

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Judge approves Citigroup’s $730M settlement with bondholders Strong housing market helps reduce lingering foreclosure inventory This time though the housing market is mired in a historic state of depression. We still see millions of homes in foreclosure.