PRESS RELEASE: Former Citigroup FA CAP Participants Have until Thursday, October 8th to Have State Law Claims Included in the Class Action Lawsuit
Citigroup financial advisors whose earned wages were used to purchase stock or options in the Voluntary FA Capital Accumulation Program (FA CAP) have until Thursday October 8th at 5 pm to be added to a class action lawsuit filed on behalf of Citigroup employees who participated the FA CAP, so that state law claims can be asserted.
Last month, Zamansky & Associates was appointed one of the co-lead counsels for the class action lawsuit, Brecher et al. v. Citigroup, Inc. et al. 09-cv-606, prior to its transfer to the United States District Court in the Southern District of New York.The class alleges, among other things, that Citigroup made misrepresentations about its financial condition and subprime-related holdings which resulted in damages to FA CAP stock and options, and that the vesting and forfeiture provisions of FA CAP stock and options may be unlawful under local state laws which protect earned wages.
If you are a former Citigroup employee whose earned wages were used to purchase FA CAP stock or options from November 2006 to November 2008, you have just two days to be added to the class. If you wish to be added, we urge you to contact Zamansky & Associates immediately.
To contact Zamansky & Associates visit www.Zamansky.com or call (212) 742-1414.