Only 4 Days Remain to Seek Lead Plaintiff Appointment in Securities Lawsuit Against MAT Five LLC

NEW YORK, June 26, 2008 (LAWFUEL) — Scott+Scott LLP has filed a
class action on behalf of all persons or entities who purchased or
otherwise acquired shares of the MAT Five LLC Fund (“MAT Five Fund” or
“Fund”) pursuant and/or traceable to the Private Placement Memorandum
issued on or about December 18, 2006. The complaint alleges that MAT
Five, Citigroup Global Markets Inc., Citigroup Alternative Investments
LLC and Citigroup Fixed Income Alternatives violated section 12(a)(2)
of the Securities Act of 1933 (the “1933 Act”) and Delaware law.

Specifically, the complaint alleges that during late 2006 and
continuing into early 2007, Citigroup, through Citigroup Fixed Income
Alternatives and Citigroup Alternative Investments LLC (CAI) targeted
many of its clients who were interested in fixed-income investments
which would provide higher yields. Defendants marketed the MAT Five
Fund to these clients and disseminated a false and misleading Private
Placement Memorandum in connection with the issuance of hundreds of
millions of dollars of shares. The Private Placement Memorandum and
related selling documents were false and misleading because they
represented that the Fund was a secure, non-volatile investment. In
reality, the Fund was a high-risk investment which could lose
substantial value if the markets changed or if it was not properly
managed.

Indeed, MAT Five Fund management employed risky strategies and lost. On
March 20, 2008, CAI wrote a letter to investors which stated that the
recent credit crunch had rapidly accelerated and spread into the
municipal bond markets. As a result, the cash positions and net asset
values of the MAT Five Fund had been severely impacted, and they were
going to indefinitely suspend the fund’s income distributions in an
effort to preserve liquidity. At the time of the letter, the Fund had
declined to less than 10% of its original value and no further
distributions were made to the Plaintiffs.

If you are an investor of Citigroup’s MAT Five Fund and wish to serve
as a lead plaintiff in the action, you must move the Court no later
than June 30, 2008. Any member of the investor class may move the Court
to serve as lead plaintiff through counsel of its choice, or may choose
to do nothing and remain an absent class member.

If you wish to discuss this action or have questions concerning this
notice or your rights, please contact Scott+Scott
([email protected], (800) 404-7770, (860) 537-5537 or visit the
Scott+Scott website, http://www.scott-scott.com) for more information.
There is no cost or fee to you. Scott+Scott has significant experience
in prosecuting major securities, antitrust and employee retirement plan
actions throughout the United States. The firm represents pension
funds, foundations, individuals and other entities worldwide.

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