The Citigroup case began in 2008
In 2010, Bank of America taiga leather handbags Corp agreed to a $601.5 million settlement related to its Countrywide mortgage unit. Last year, Wells Fargo & Co reached a $590 million accord over loans and securities from the former Wachovia Corp. The Citigroup case began in 2008. Wednesday's accord followed mediation before retired federal judge Layn Phillips, and the gathering of nearly 40 million pages of documents, according to court papers. "Based on the allegations and the risks we faced in establishing liability and damages, and in comparison with other securities fraud class-actions, the settlement is a very good result for the class," Ira Press, a partner at Kirby McInerney representing the lv monogram macassar canvas shareholders, said in a phone interview. Fourteen current and former Citigroup executives had also been sued, including Chief Executive Vikram Pandit, his predecessor Charles Prince, and former senior adviser Robert Rubin. It was not immediately clear whether any of these executives or their insurers are responsible to pay any of the settlement. A Citigroup spokeswoman, Shannon Bell, declined to louis vuitton handbags comment.