"...the complaint alleges that, during the Class Period, the Defendants failed to disclose material facts concerning Citigroup's relationship with Enron Corp. ("Enron"). The complaint charges, for example, that Citigroup never disclosed it was structuring financial deals for Enron so that Enron could falsify its financial statements and defraud its investors. After Enron's collapse, Citigroup continued to misrepresent its potential Enron-related exposure by failing to disclose the true extent of its potential legal liability arising out of its transactions with Enron. As a result of the Defendants' failure to disclose the true nature of Citigroup's relationship with Enron, Citigroup's stock price was artificially inflated during the Class Period, trading as high as $57. Upon news that the Senate Committee found evidence that Citigroup was involved in Enron's collapse, the stock fell to $27 on trading of 121 million shares."
Slowly but surely, the Truth about Rubin's Corruption will bubble to the fore...MUD
"It may turn out that there is damning evidence that we have not yet seen. But until someone produces it -- say, that Halliburton's cost overrun revenues were knowingly and crookedly inflated -- we are left with the following syllogism: It is open season on CEOs; Cheney was once a CEO; therefore, it is open season on Cheney."
FReegards...MUD