Class Action News

Class Action Legal News articles include legal news and lawsuit information about lawsuits filed, settlements reached and verdicts rendered in class action cases dealing with personal injury, defective products, bad drugs and other consumer law related news issues. Many of these articles include interviews from top legal professionals with guidance on legal recourse options from losses resulting from bad drugs, medical malpractice, investment fraud, personal injury, defective products and negligent employers.

Citigroup Hedge Fund: Monumental Losses
June 23, 2008
La Habra, CA Investors who had money in Citigroup's Falcon Hedge Fund have lost a lot. Unfortunately, they did not realize that the investment they were making was at all risky. They were told that the investment was solid, "bullet-proof" even, and there was nothing to worry about. Even as the fund lost more and more money, Smith Barney advisors were telling people not to worry about Citigroup's fund. By the time the advisors changed their tune, it was too late and people lost much of their investment.
Citigroup Hedge Funds: Investors Lose Money and Trust
June 16, 2008
West Palm Beach, FL Citigroup is being slammed with lawsuits over its failed Falcon and ASTA/MAT hedge funds after poor performance and huge losses wiped out investor equity. Plaintiffs are alleging that the Citigroup offering was rife with misrepresentations that put the investor at risk, while Citigroup and brokers cleaned up on various fees and commissions that have been described as exorbitant.
Securities Class Actions - Making a Difference
June 11, 2008
New York, NY Citigroup is in the news again, this time concerning high-risk hedge funds, in which investors could lose everything they invested. Christopher J. Gray, P.C. has represented plaintiffs in securities class actions, shareholder derivative actions and other complex litigation in the state and federal courts.
Citigroup Hedge Funds: Hedge Your Bets and Good Luck. You'll Need It
June 10, 2008
New York, NY Imagine ordering a car and paying full price up front, only to have the car arrive a month later with no wheels, no seats and no engine. That is essentially what happened to investors putting their faith in Citigroup hedge funds, after a product marketed as low risk tumbled, losing the majority of its value. Citigroup is offering a one-time settlement of just under, or just over half of the portfolio value. Take it, or leave it. And if you take it, you can't sue later.

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