Citibank ADR Settlement is a legal entity based in New York, NY, involved in the settlement of a class action lawsuit against Citigroup, Inc. The settlement aims to compensate investors who received cash distributions from the Depositary-sponsored American Depositary Receipts (ADRs) listed in the Notice between January 1, 2006, and September 4, 2018, and were allegedly damaged by Citibank's deduction of impermissible fees for conducting foreign exchange.
The settlement, totaling $14.75 million in cash and non-monetary relief, is subject to court approval and will resolve all claims in the litigation. The company has established a website to provide general information about the settlement, including the court documents and eligibility criteria for class members.
Generated from the website