2nd Circ. Nixes Legg Mason, Citi Securities Action
By Christopher Norton ( October 1, 2009, 1:07 PM EDT) -- A federal appeals court has affirmed a district court's dismissal of a putative securities class action alleging that Legg Mason Inc. and Citigroup Inc. defrauded investors by omitting details of a secondary public offering following a multibillion-dollar unit swap in 2005....
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