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Citigroup Case 10/16/2006

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Lawsuit Overview

Securities Law360 reports that a judge has dismissed a class action that alleged Legg Mason Inc. and Citigroup Inc. defrauded investors by omitting details of a secondary public offering following a multibillion-dollar unit swap in 2005. Judge Denny Chin of the U.S. District Court for the Southern District of New York said Monday that the plaintiffs had failed to state a claim and com...



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