Citigroup Sued by Swisscanto Over Comments About Mortgage Loans
Citigroup Inc. (C) was accused in a lawsuit by Swisscanto Asset Management AG of making misleading statements about its financial condition from 2006 to 2009.
The suit in Manhattan federal court focuses on statements the New York-based bank made about the risks it faced over mortgage loans.
To contact the reporter on this story: David Glovin in New York at email@example.com
To contact the editor responsible for this story: Andrew Dunn at firstname.lastname@example.org