SOURCE: Tramont Guerra & Nunez, PA

June 03, 2009 18:00 ET

Notice to All Citigroup Investors From the Securities Law Firm of Tramont Guerra & Nunez, PA

CORAL GABLES, FL--(Marketwire - June 3, 2009) - The Securities Law Firm of Tramont Guerra & Núñez, PA (TGN) makes an announcement to all Citigroup (NYSE: C) shareholders who are prospective class members of class action lawsuit (Case No. 07 CV 09901) which had the amended consolidated claim filed on February 20, 2009 in the U.S. District Court for the Southern District of New York. The amended claim is based on new allegations resulting from continued legal investigations which have uncovered additional facts which were hereto before solely known by the defendant, Citigroup. The new allegations include that "Citigroup concealed the true facts by the use of shamelessly fraudulent schemes" that represented that the mortgage-related securities risks faced by the company had been eliminated, spread or hedged. Prospective class members should consider whether an individual securities arbitration claim filed with the Financial Industry Regulatory Authority (FINRA) is more effective than a class action for recovery of their investment losses.

TGN recently filed an individual multi-million dollar securities arbitration claim with the Financial Industry Regulatory Authority (FINRA), Case No. 09-02765, against Citigroup. The claim alleges an unsuitable concentration in Citigroup stock and the recommendation of unsuitable option transactions for the concentrated stock position and that while the financial banking system collapsed, Citigroup gave no advice to mitigate risk to the Claimant. The only advice Citigroup and its representative gave to the Claimants was the continued reassurances to maintain exposure to Citigroup. Securities arbitration claims arise from sales practice rule violations, as set forth by the Financial Industry Regulatory Authority (FINRA). Recommendations of unsuitable investments and/or concentrated investments in the financial sector are both causes of action that form the basis for individual securities arbitration claims filed with FINRA.

The Securities Law Firm of Tramont Guerra & Núñez, PA, is a nationally recognized, Martindale Hubbell "AV" rated securities law firm. To request a confidential consultation from a TGN attorney to assist you in determining whether you have a viable individual claim for investment losses that exceed $100,000 from a full service brokerage account, contact us on stock market loss lawyer. To speak directly with an attorney, call (800) 578-0137 and ask for David Chacin, Esquire.

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