Citigroup Said to Fire Mahaney, Settles Facebook IPO Case

Citigroup Inc. fired Mark Mahaney, a senior technology analyst, according to a person with direct knowledge of the matter, as it settled a separate regulatory claim that a junior analyst disclosed confidential information before Facebook Inc.’s initial public offering.

Mahaney, 46, wasn’t ousted because of the Facebook case, said the person, who asked not to be identified because the move was private. The exit resulted from earlier actions uncovered in the course of the Facebook probe, the person said. Mahaney, who was based in San Francisco, declined to comment when reached today by mobile phone.