Citibank (NASDAQ:CALGZ)
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From Jun 2019 to Jun 2024
Citibank (West), FSB, announced that, on August 3, 2005,
it received a NASDAQ Staff Determination Letter regarding its
Contingent Litigation Recovery Participation Interests (NASDAQ:CALGZ).
The NASDAQ letter stated that the CALGZs will be delisted from the
NASDAQ National Market at the opening of business on August 12, 2005,
due to the aggregate market value of the CALGZs failing to meet the
market value of publicly held shares requirement for continued listing
set forth in Marketplace Rule 4450(c). The CALGZs are securities that
entitle holders to a percentage interest in the cash recovery, if any,
after certain deductions, in a 1992 lawsuit brought by a predecessor
of Citibank (West), FSB. The lawsuit is California Federal Bank v. The
United States of America, Civil Action No. 92-138C filed on February
28, 1992, in the United States Court of Federal Claims.
Citibank (West), FSB, is a member of Citigroup (NYSE:C).
Citigroup, the leading global financial services company, has some 200
million customer accounts and does business in more than 100
countries, providing consumers, corporations, governments and
institutions with a broad range of financial products and services,
including consumer banking and credit, corporate and investment
banking, securities brokerage, and wealth management. Major brand
names under Citigroup's trademark red umbrella include Citibank,
CitiFinancial, Primerica, Smith Barney and Banamex. Additional
information may be found at www.citigroup.com.