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Notice to All Citigroup Non-Cumulative 8.50% Preferred, Series F Investors From the Securities Law Firm of Tramont Guerra & Nunez, PA CORAL GABLES, FL--(Marketwire - April 16, 2009) - The Securities Law Firm of Tramont Guerra& Núñez, PA (TGN) makes an announcement to all investors in the Citigroup Non-Cumulative 8.50% Preferred, Series Fissued by Citigroup, Inc. (NYSE: C) who are prospective class members of aclass action lawsuit (Case No. 09 CV 2402) filed on March 16, 2009 in theU.S. District Court for the Southern District of New York againstCitigroup, officers and/or directors, its auditors and Wall Streetinvestment banks which underwrote the May 2008 preferred stock offering.The investment banks who were named in the class action lawsuit include:Citigroup Global Markets, Inc. (NYSE: C), Morgan Stanley & Co, Inc. (NYSE: MS) Market WireInitial jobless claims plunge Initial jobless claims plunged to 610,000 in the week ended April 11, reported the U.S. Department of Labor. CNNWeekly Jobless Claims Drop Sharply The Labor Department says jobless claims dropped to 610,000 from a revised figure of 663,000 the previous week. The number is significantly below analysts' expectations of 655,000. NPRU.S. Initial Jobless Claims Decline Markedly, Continuing Claims Rise to Record High (CEP News) - Initial claims for unemployment benefits in the U.S. fell back sharply in the week ending April 11, while continuing claims surged to a new all-time high, the U.S. Department of Labor reported. Economic NewsUSD/CHF: Trading the Swiss Retail Sales Report Retail sales in Switzerland is expected to fall 0.2% in February as households face a weakening labor market paired with fears of a deepening recession,... Daily FXMega Brands America to pay $1.1 Million Civil Penalty for Reporting Violations The U.S. Consumer Product Safety Commission (CPSC) announced recently that Mega Brands America Inc., of Livingston, N.J., formerly Rose Art Industries Inc., has agreed to pay a $1.1 million civil penalty. The penalty, which CPSC has provisionally accepted, settles allegations that Mega Brands America and Rose Art failed to provide the government with timely information about dangers to children with Magnetix magnetic building sets, as required under federal law. OHS OnlineDriveCam Wins Exemption for Event Recorder Placement Until April 15, 2011, no state may enforce a law or regulation that conflicts with the exemption, according to the Federal Motor Carrier Safety Administration. The California Highway Patrol had commented that the proposal does conflict with its regulations. OHS OnlineKeep a Step Ahead of Tax-Law ChangesMorning Star Gov. Quinn Want to Clean Up Government Governor Pat Quinn is turning to an old law to help clean up government in the wake of the Rod Blagojevich scandal. Topix.netTax-News.com: Switzerland May Implement Sanctions Against OECD Tax-News.com: Switzerland may exercise its veto on various key votes within the OECD together with applying other financial sanctions aimed increasingly at Angel Gurria, the OECD Secretary-General in protest at the way he personally is applying pressure to relax bank secrecy laws and share information for tax purposes. Tax News1 2 |
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