Pharma Investments, Ventures & Law Weekly
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Klayman & Toskes, P.A.
Notice to All Citigroup Investors Who Purchased Auction Rate Securities: Public Arbitration Process to Resolve Claims of Consequential Damages Available
August 24th, 2008
The Securities Law Firm of Klayman & Toskes, P.A. ( http://www.nasd-law.com/ ) announced that New York's Attorney General Andrew Cuomo reached a "landmark, multi-billion dollar agreement with Citigroup Global Markets, Inc. (NYSE:C) and Citi Smith Barney (collectively, "Citigroup") to settle allegations that Citigroup was making material misrepresentations in its marketing and sales of auction rate securities." As part of the settlement, Citigroup agreed to "consent to a special, public arbitration process to resolve claims of consequential damages suffered by retail investors as a result of not being able to access their funds." Accordingly, Klayman & Toskes will be representing investors...
Source: Pharma Investments, Ventures & Law Weekly (2008-08-24)
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