MIAMI, July 29, 2008 (PRIME NEWSWIRE) -- The securities law firm of Dimond Kaplan & Rothstein, P.A. ("DKR") (http://www.investmentfraud-lawyer.com) announced today that it filed a FINRA securities arbitration claim against Citigroup Global Markets, Inc. ("Citigroup") on behalf of a Florida investor who lost nearly $1,000,000 in the Citigroup's Falcon Strategies Two B, LLC (the "Falcon Fund"). The claim alleges causes of action for breach of contract, breach of fiduciary duty, negligence, negligent misrepresentations and omissions, and fraud.
Citigroup marketed the Falcon Fund and its related ASTA and MAT hedge funds as low-risk, safe, fixed-income investments. In reality, the Citigroup Falcon, ASTA, and MAT hedge funds engaged in high-risk, leveraged investment strategies that subjected investors to enormous risk of loss. Some or all of these funds also invested in risky collateralized debt obligations (CDOs) and mortgage-backed securities. DKR has alleged that Citigroup failed to inform investors of the high risk of loss associated with these investments, and it failed to implement appropriate risk management strategies. The Citigroup Falcon, ASTA, and MAT hedge funds ultimately suffered dramatic declines in value, causing investors to lose millions of dollars.
Dimond Kaplan & Rothstein continues to investigate the Citigroup Falcon Fund and the related ASTA and MAT hedge funds and expects to file additional cases on behalf of other investors. The firm urges investors to consider pursuing an arbitration claim as opposed to participating in a class action. Investors who file individual arbitration claims often recover substantially more than class action participants. Further, unlike a class action, an arbitration claim allows an investor to: (1) choose their own lawyer; (2) present the unique facts of their case to an arbitration panel; (3) control the decision whether to settle their case and for how much; and (4) secure a result within approximately twelve months, as opposed to potentially years with a class action.
Dimond Kaplan & Rothstein, P.A. is an AV-Rated law firm that represents investors nationwide in stockbroker misconduct and investment fraud cases. The firm has represented investors against most major Wall Street brokerage firms in claims involving stocks, bonds, options, hedge funds, auction rate securities, and mutual funds. If you suffered losses in Citigroup's Falcon, ASTA, or MAT hedge funds, please contact Scott M. Dimond, Esq. of Dimond Kaplan & Rothstein, P.A. at (888) 578-6255 or sdimond@dkrpa.com for a free case evaluation. You also may visit the firm on the web at www.dkrpa.com or www.investmentfraud-lawyer.com.
The Dimond Kaplan & Rothstein, P.A. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=4684