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Citigroup-Mat V and Mat III
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(May 22, 2009 - Friday) - Anyone who invested in MAT Five LLC ("MAT Five”), marketed by Citigroup may be entitled to participate in the class action suit against the investment bank. The violation is against the Securities Act of 1933 and Delaware law. This violation essentially occurred in late 2006 continuing on into 2007 when allegedly Citigroup targeted investors that were looking for fixed-income investments that could yield higher returns. Citigroup then marketed municipal bond opportunities, which could prove to be very risky if not managed correctly. When promoting these investments, it is alleged that Citigroup falsified and misrepresented their Mat V fund in regards to its presentation and selling documents.
MAT V is essentially a limited liability corporation that makes investments in limited liability companies through interests issued by "MOF Five". Citigroup has falsified and misrepresented their Private Placement Memorandum, which essentially lead investors to invest in this risky fund without knowing that is was in actuality a risky fund. After the credit crunch occurred, the cash positions and net asset values of the MAT Five fund has been severely and negatively impacted. Investors of the MAT five funds had no idea why this had occurred and were left with a crucial loss to their investments.
Our lawyers at Napoli Bern Ripka, LLP, have represented an array of clients who have found themselves victimized by investment fraud. We know how to address this issue and resolve the matter in as little time as possible. Securities and arbitration is a specialty of ours as we employ some of the most experienced and track record backed lawyers in the state. We know what a trying time this can be as we always take an individualized and tailored approach to every single case we take on.
Citigroup has acted unlawfully by misrepresenting and falsely promoting their MAT five and MAT three funds. What Citigroup said was safe and secure, was essentially very risky and volatile. Citigroup essentially tried to cover up its client's losses with the credit crunch, however this is not the case. The mismanagement and the high risk of the fund is what allowed a multitude of clients to see an incredible amount of losses in their investments. If you have found yourself in a position where you invested in Citigroup's MAT V or MAT II and lost a significant amount of money, you may be able to take action against the investment bank.
Napoli Bern Ripka, LLP, has the experience and knowledge necessary to take on these large institutions. We have a proven track record in the matter as dealings with many other faulty investment banks, brokers, as well as security and investment fraud. We know that financial worries can be extremely successful in which we will approach your case with the sensitivity that you deserve and the determination to recover everything that was taken from you in the most efficient manner possible. If you had invested in the MAT V and lost a significant amount of money because of the terms that Citigroup laid out for you, it is not your fault. Our Citigroup MAT V and MAT II lawyers will be able to stand up for you and gain you justice.
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