Judge approves Citigroup’s $730M settlement with bondholders

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Citigroup Gets OK For $730M Bondholder Settlement. By. 2013, 1:48 PM EDT) — A New York federal judge on Tuesday approved a settlement that will have Citigroup Inc. pay $730 million.

Citigroup’s $730M Settlement With Investors Approved By Court. August 20, Experts representing the bondholders estimated $3 billion damages from their investment losses.. The judge also emphasized that the settlement has minimal objections and further litigation would be equally or more.

Mountain View approved plans in December.Judge approves Citigroup’s $730M settlement with bondholders Our third in a series of articles examining transitional justice mechanisms.. the . 9 billion settlement on behalf of California’s energy customers..

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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.

The shareholder settlement is separate from a $730 million accord with bondholders last month. According to court papers, the shareholder settlement also resolved claims against several former top Citigroup officials, including Chief Executive Charles Prince and senior adviser Robert Rubin. Stein asked whether this was proper.

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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.