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Lax & Neville LLP has been retained by several investors who lost money in MAT Five LLC (“MAT Five”), claiming it was inappropriately sold by Citigroup Inc. (“Citigroup”) in 2006 and 2007.  MAT Five had a $500,000 minimum investment requirement and was promoted to fixed-income investors who were seeking preservation of capital.  Citigroup represented that the MAT Five was designed to produce stable cash flows in a tax-advantaged arbitrage opportunity. In actuality, the MAT Five was a very risky investment. Based on these claims, Lax & Neville has filed numerous arbitrations against Citigroup on behalf of investors and customers of Citigroup who invested in the MAT Five; and has been successful in obtaining significant settlements for its clients who invested in the MAT Five. Numerous arbitrations awards have been rendered against Citigroup for sales practice abuses concerning the selling and marketing of MAT Five. In various instances, investors have been awarded their full investment loss in the MAT Five. Investors only have (6) six years from when they purchased the MAT Five to file a claim. Once the (6) six years have elapsed, an investor’s claim is no longer eligible for submission to FINRA arbitration. If you have lost money investing in the MAT Five, please call Lax & Neville LLP, (212) 696-1999.

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