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Company:	Citigroup, Inc.
Ticker Symbol:	NYSE: C
Class Period:	July 24, 1999 and July 23, 2002, inclusive
Court:	Southern District, NY
Case No.:	02-CV-6286
Date Filed:	Aug-07-02
Allegations:

The complaint charges Citigroup, Inc., Sanford I. Weill and Todd Thomson with violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and Rule 10b-5, by issuing a series of materially false and misleading statements to the market during the Class Period.

As alleged in the Complaint, defendants made misrepresentations and/or omissions regarding the following: failing to disclose that Citigroup misrepresented a 1999 transaction with Enron that was structured as a commodity trade but served the same purpose as a loan to help Enron keep $125 million in debt off of its books; affirmatively misrepresenting Citigroup's potential Enron-related exposure in its 2001 Annual Report and elsewhere; and failing to disclose the true extent of Citigroup's potential legal liability arising out of its "structured finance" dealings with Enron.

When Wall Street learned about the foregoing on July 23, 2002 after executives testified before the U.S. Senate regarding the transactions at issue, Citigroup stock plummeted $5.04 or 15.73% to close at $27.00.

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