The Securities Arbitration Law Firm of Klayman & Toskes Investigates Claims On Behalf of Citigroup Shareholders Who Maintained

  The Securities Arbitration Law Firm of Klayman & Toskes Investigates Claims
  On Behalf of Citigroup Shareholders Who Maintained Large Concentrated
  Positions and Are Eligible to Participate In Settled Class Action Against
  Citigroup

Business Wire

NEW YORK -- January 8, 2013

The Securities Arbitration Law Firm of Klayman & Toskes, P.A. (“K&T”)
(http://www.nasd-law.com), representing numerous aggrieved investors
throughout the nation, advises all Citigroup (NYSE: C) shareholders who are
class members of the settled class action against Citigroup, In Re Citigroup,
Inc. Securities Litigation, Case No. 07 Civ. 9901, that they should explore
all of their legal options, including filing a securities arbitration claim
against their full service brokerage firm. Class members who sustained
substantial losses as a result of holding a large concentrated position in
Citigroup stock with a full service brokerage firm, with the exception of
Citigroup and its related parties, should consider whether they should file an
individual securities arbitration claim in addition to participating in the
class action. Investors who held concentrated positions in Citigroup stock may
be able to recover investment losses through the arbitration forum established
by the Financial Industry Regulatory Authority (“FINRA”). FINRA’s Arbitration
Department is where investors, both retail and institutional, go to seek
redress as a result of sales practice violations committed by their brokerage
firm, including claims of over-concentration, misrepresentation and omission,
unsuitable recommendations and failure to supervise.

Since 2000, K&T has pioneered the representation of High Net Worth (“HNW”) and
Ultra-HNW clients who sustained investment losses as a result of holding
concentrated positions in a single security or sector, in a full-service
brokerage account. The clients we represented and continue to represent
include founders of public companies and key employees from virtually every
industry who received large grants of stock, Rule 144 restricted stock and
stock options. The claims focus on the mismanagement of the clients’
portfolios given the fact that there were risk management strategies that
would have protected the value of the concentrated portfolio. Such risk
management strategies include stop loss and limit orders, protective puts and
collars. Stop loss orders, limit orders and protective puts provide an account
with downside protection and an exit strategy should the stock decline in
value. A hedge strategy, known as a “zero cost” collar, would have created a
range of value that the portfolio would have maintained irrespective of the
fluctuation and direction of the underlining stock price. The failure to use
risk management strategies as well as the failure to “hedge” the value of a
concentrated portfolio directly exposes an investor’s concentrated position to
the fluctuations in the volatile securities markets.

Citigroup agreed to pay $590 million to settle the class action lawsuit which
alleged that shareholders had been misled about the bank’s exposure to
subprime mortgage debt just before the financial crisis.

If you wish to discuss this announcement or sustained losses of $750,000 or
more as a result of holding a large concentrated position in Citigroup stock,
please contact Steven D. Toskes, Esquire or Jahan K. Manasseh, Esquire of
Klayman & Toskes, P.A., at 888-997-9956, or visit us on the web at
http://www.nasd-law.com

Contact:

Klayman & Toskes, P.A.
Steven D. Toskes, Esquire or Jahan K. Manasseh, Esquire, 888-997-9956
 
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