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Why Citi Blinked in FHFA Mortgage-Backed Securities Cases

BIZCATALYST 360°
BY BIZCATALYST 360°

In litigation, as in life, past is prelude. To understand why Citigroup and its lawyers at Paul, Weiss, Rifkind, Wharton & Garrison decided to settle the Federal Housing Finance Agency’s $3.5 billion mortgage-backed securities suit, you have to look back nine years to the shareholder class action stemming from securities and accounting fraud at WorldCom.

via Why Citi blinked in FHFA MBS cases – and what it means for other banks.

 

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WE ARE THE AWARD-WINNING PUBLISHING DIVISION OF 360° NATION —PRESENTING OUR LIFE, CULTURE, AND BIZ MULTIMEDIA DIGEST AS A HUB OF CREATIVE EXPRESSION AND PERSONAL GROWTH. WITH AN EMPHASIS ON ACTION, OUR VAST GLOBAL CONTRIBUTOR COMMUNITY EMPOWERS PEOPLE TO TRANSITION FROM KNOWING WHAT TO DO TO ACTUALLY DOING IT —ALL COMPLEMENTED BY SYNDICATION RELATIONSHIPS WITH A CHOICE GROUP OF EQUALLY INNOVATIVE MEDIA OUTLETS. TODAY AND EVERY DAY, WE SIMPLY DELIVER THE VERY BEST INSIGHTS, INTELLIGENCE, AND INSPIRATION AVAILABLE ANYWHERE —DOING IT OUR WAY BY PLACING OUR WRITERS AND OUR AUDIENCE AT THE FOREFRONT. IT'S MAGICAL. IT'S EVERGREEN. AND QUITE FRANKLY, IT'S JUST GOOD STUFF. PERIOD.

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