NEW YORK, Oct 08, 2008 /PRNewswire via COMTEX News Network/ -- The Securities Law Firm of Klayman &
Toskes, P.A., www.nasd-law.com , announced today that a class action lawsuit,
Case No. 08-cv-08008, has been filed against Citigroup Global Markets, Inc.
("Citigroup") (NYSE: C) and other Defendants on behalf of purchasers of Fannie
Mae Preferred Stock, Series T (NYSE: FNM-PT) ("Fannie Preferred Stock T").
Potential class members who purchased Fannie Preferred Stock T from Citigroup
should consider whether they should participate in the class action or file an
individual securities arbitration claim.

According to the Complaint, the Defendants, including Citigroup,
distributed an Offering Circular that contained materially false and
misleading information. The Offering Circular was issued in connection with
the sale of about 80 million shares, or $2 billion, of Fannie Preferred Stock
T. It is alleged that the Offering Circular misrepresented Fannie Mae's
capital position by postponing a series of asset write-offs that were mandated
under Generally Accepted Accounting Principles ("GAAP"). Had the entirety of
Fannie Mae's capital deficiencies been disclosed by Citigroup and the other
Defendants, Fannie Mae's ability to raise the capital would have been
significantly deterred. As a result of these and other materially false and
misleading statements and omissions, the Complaint alleges that Citigroup and
the other Defendants violated Section 12(a)(2) of the Securities Act of 1933
as well as Sections 10(b) and 20(a) of the Exchange Act.

Klayman & Toskes reminds investors of the benefits of filing an individual
arbitration claim, as opposed to participating in a class action lawsuit. By
participating in a class action lawsuit, an investor will most likely recover
only pennies on the dollar. However, if one has experienced significant
losses in Fannie Preferred Stock T, it may be more beneficial for them to file
an individual securities arbitration claim. In 2003, Klayman & Toskes
conducted a detailed study of securities arbitration versus class action. The
study concluded that investors who file a securities arbitration claim
traditionally obtain an overall higher rate of recovery as opposed to
participating in a class action lawsuit. To view the full results of the
comparison, please visit our web-site:
http://www.nasd-law.com/documents/classvr.pdf

The attorneys at the Law Firm of Klayman & Toskes are dedicated to
aggressively pursuing claims on behalf of investors who have suffered
investment losses. Klayman & Toskes, an experienced, qualified and nationally
recognized securities litigation law firm, practices exclusively in the field
of securities arbitration and litigation. It continues its representation of
investors throughout the world in securities arbitration and litigation
matters against major Wall Street brokerage firms.

If you have experienced substantial losses in Fannie Preferred Stock T
with Citigroup and you wish to discuss your legal options at no obligation,
please contact Steven D. Toskes, Esquire or Jahan K. Manasseh, Esquire of
Klayman & Toskes, P.A., at 888-997-9956, or visit us on the web at
http://www.nasd-law.com.

SOURCE The Securities Law Firm of Klayman & Toskes, P.A.

http://www.nasd-law.com

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