SOURCE: Holzer Holzer & Fistel, LLC

May 01, 2008 10:59 ET

Holzer Holzer & Fistel, LLC Announces That a Class Action Lawsuit Has Been Filed Against Citigroup Inc. (NYSE: C)

ATLANTA, GA--(Marketwire - May 1, 2008) - A class action lawsuit has been filed in the United States District Court for the Southern District of Florida on behalf of purchasers of the Citigroup Inc. (NYSE: C) Falcon Strategies Two B LLC Hedge Fund who purchased the fund from September 30, 2005 through January 8, 2008. The lawsuit alleges that Citigroup Inc. and others violated the federal securities laws by misrepresenting the degree of risk of the fund.

Holzer Holzer & Fistel, LLC is also investigating possible violations of the federal securities laws related to Citigroup, Inc.'s ASTA/MAT Fund. The investigation centers on possible misrepresentations that may have resulted in a loss to the fund of between 60% and 80% of its value.

If you are an investor in either the Falcon Strategies Two B LLC Hedge Fund or the ASTA/MAT Fund with questions concerning your legal rights, you are invited to contact Holzer Holzer & Fistel, LLC and its attorneys Michael I. Fistel Jr., Esq. or Marshall P. Dees, Esq. via email at mfistel@holzerlaw.com or mdees@holzerlaw.com, or via toll-free telephone at (888) 508-6832.

Holzer Holzer & Fistel, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, www.holzerlaw.com and upon request from the firm. Holzer Holzer & Fistel, LLC has paid for the dissemination of this promotional communication, and Michael I. Fistel, Jr. is the attorney responsible for its content.