Cases & Deals

Citigroup defends against non-disclosure allegations concerning investment of subprime mortgage-backed securities in Falcon Fund

Client(s) CitiGroup, Inc.; Citibank, N.A.; Citigroup Alternative Investments LLC; and Falcon Strategies Two LLC

Jones Day represented Citigroup Inc.; Citibank, N.A.; Citigroup Alternative Investments LLC; and Falcon Strategies Two LLC in seven causes of action based, among other things, on the allegations that the Falcon Fund was more heavily invested in subprime mortgage-backed securities than disclosed.

MJX Plus LLC, et al. v. Citigroup, Inc., et al., Case No. 08-CIV-10931 (S.D.N.Y.)