Barnett et al v Citigroup - $2,428,000 MAT Five Award

In December 2010, a FINRA arbitration panel in Memphis, TN ordered Citigroup to pay Claimants $2,428,000 over the sale of Citigroup's MAT Five leveraged municipal bond hedge fund. The award was made after a hearing wherein the Claimants alleged that Respondent breached contractual and fiduciary duties and misrepresented MAT Five. Dr. McCann testified on behalf of the Claimants.

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Craig J. McCann