2008-10-31 05:57:35 - A shareholder has filed a lawsuit on behalf of purchasers of Citigroup Mortgage Loan Trust Inc. Mortgage Pass-Through Certificates and Asset-Backed Pass-Through Certificates (collectively, the 'Certificates') pursuant and/or traceable to the false and misleading Registration Statement and Prospectus Supplements issued during 2007.

On Friday, October 24, 2008 a law firm has filed on behalft of a shareholder a proposed class action lawsuit in the United States District Court for the Eastern District of New York on behalf of purchasers of Citigroup Mortgage Loan Trust Inc. Mortgage Pass-Through Certificates and Asset-Backed Pass-Through Certificates (collectively, the 'Certificates') pursuant and/or traceable to the false and misleading Registration Statement and Prospectus Supplements issued during 2007. The complaint includes purchasers of Certificates in the following trusts: Citigroup Mortgage Loan Trust 2007-2, Citigroup Mortgage Loan Trust 2007-WFHE4, Citigroup Mortgage Loan Trust 2007-6, Citigroup Mortgage Loan Trust 2007-AHL1, Citigroup Mortgage Loan Trust 2007-AHL2, Citigroup Mortgage Loan Trust 2007-AHL3, Citigroup Mortgage Loan Trust 2007-AMC1, Citigroup Mortgage Loan Trust 2007-AMC2, Citigroup

Mortgage Loan Trust 2007-AMC3, Citigroup Mortgage Loan Trust 2007-AMC4, Citigroup Mortgage Loan Trust 2007-AR1, Citigroup Mortgage Loan Trust 2007-AR4, Citigroup Mortgage Loan Trust 2007-AR5, Citigroup Mortgage Loan Trust 2007-AR7, Citigroup Mortgage Loan Trust 2007-OPX1, Citigroup Mortgage Loan Trust 2007-WFHE1, Citigroup Mortgage Loan Trust 2007-WFHE2, Citigroup Mortgage Loan Trust 2007-WFHE3. The WFHE Certificates are Asset-Backed Pass-Through Certificates whereas the other Trust Series are Mortgage Pass-Through Certificates.
If you purchased Certificates in any of the above stated trusts you have certain options and there are strict and short deadlines running. (December 23, 2008). You should contact the Shareholders Foundation, Inc. immediately! Email: Mail(at)ShareholdersFoundation.com or call us today: +1-(858)-779-1554. According to the complaint the plaintiff accuses that Citigroup Mortgage Loan Trust Inc. ('Citigroup Mortgage'), certain of its officers and directors and the issuers and underwriters of the Certificates violated the Securities Act of 1933. Specifically the complaint alleges that the Registration Statements included false statements and/or omissions and by the fall of 2007 the truth about the performance of the mortgage loans that secured the Certificates began to be revealed to the public, increasing the risk of the Certificates receiving less absolute cash flow in the future and the likelihood that investors would not receive it on a timely basis. The credit rating agencies also began to put negative watch labels on the Certificate tranches or classes, ultimately downgrading many. The stockholder alleges that as an additional result the Certificates were no longer marketable at prices anywhere near the price paid by plaintiff and the Class and the holders of the Certificates are exposed to much more risk with respect to both the timing and absolute cash flow to be received than the Registration Statement/Prospectus Supplements represented.