Citi is facing a class action lawsuit alleging that, throughout the class period, defendants willfully or recklessly made and/or caused the Company to make false and misleading statements regarding Citi’s internal controls and risk management capabilities that failed to disclose the serious and longstanding inadequacy of Citi’s internal controls, data governance, compliance risk management, and enterprise risk management. As a result, Defendants’ statements about Citi’s internal controls and risk management were materially false and/or misleading and/or lacked a reasonable basis.
If you incurred a loss on Citi stocks purchased between February 25, 2017 and October 12, 2020, this lawsuit is on your behalf. The lawsuit was filed in the the United States District Court for the Southern District of New York, and our firm is reaching out to investors to discuss their legal rights.
If you wish to act as a representative of the shareholders harmed by this misconduct, you may ask the court to appoint you as lead plaintiff. A lead plaintiff directs the litigation and participates in important decisions, including whether to accept a settlement for the class in the action.
You only have until December 29, 2020 to apply to be lead plaintiff. The court will then evaluate the applicants and choose a lead plaintiff. You are not required to act as a lead plaintiff in order to participate in any recovery.
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