Written by Leatherneck on September 04, 2007 under Archives, Investors, Lawsuits
A Citigroup unit and the accounting firm Deloitte & Touche were sued by an investor for helping a mortgage company issue $92.4 million in stock 14 weeks before the lender went bankrupt. The four million shares issued by American Home Mortgage Investment have dropped by 99 percent since they were first offered for sale on April 30 at $23.10 each through Citigroup Global Markets.
