Justice Department Announces $4 Billion Civil Penalty to be Paid by CitiGroup
On July 14, 2014, the U.S. Department of Justice announced a $7 billion settlement with CitiGroup, Inc. to resolve federal and state claims related to CitiGroup’s actions with residential mortgage-backed securities prior to January 1, 2009. The settlement includes a $4 billion civil penalty, the largest penalty ever under the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA). The settlement also requires CitiGroup to provide assistance to distressed homeowners and affected communities.
A copy of the Department of Justice press release is available via the DOJ website and sets forth details regarding the government investigation and the resolution of the case.Share This
Contact Our North Carolina Personal Injury Law Firm
for a Consultation for Your Accident or Medical Malpractice Claim
FOR FREE No Win, No Fee
The law firm you choose makes a difference. If you are the victim of an accident or an illness that someone else caused, the North Carolina personal injury law firm of Martin & Jones has the depth of experience, skills and sensitivity to make your road to recovery as smooth as possible. Whether you have experience with the legal system or have never hired a medical malpractice or personal injury lawyer before, our attorneys and staff will do our best to answer your questions, provide clear advice and prepare you and your family for what to expect. If you would like more information or to meet with one of our attorneys, please fill out the form below or call us at 800.662.1234.