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Legal News

: Lawyers and Settlements

Citigroup Hedge Funds: Hedge Your Bets and Good Luck. You'll Need It

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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.

Full post as published by Lawyers and Settlements on June 10, 2008 (boomark / email).

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