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Silk v Citigroup - $1,000,000 MAT Three and MAT Five Award

In August 2010, a FINRA arbitration panel in Los Angeles, CA ordered Citigroup to pay Claimants $1,000,000 over the sale of Citigroup's MAT Three and MAT Five leveraged municipal bond hedge funds. The award was made after a hearing wherein the Claimants alleged that Respondent breached contractual and fiduciary duties and negligently misrepresented MAT Three and MAT Five. Dr. McCann testified on behalf of the Claimants.

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Craig J. McCann
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