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Citigroup Directors Beat Mortgage Servicing Derivative Suit

By Brandon Lowrey ( September 24, 2014, 8:56 PM EDT) -- A New York federal judge Wednesday tossed a Citigroup Inc. shareholder's derivative suit alleging that nearly two dozen current and former directors failed to heed red flags indicating the bank's mortgage servicing and foreclosure processing practices were faulty, finding the plaintiff failed to state a plausible claim for relief....

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