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Hutchinson Sues UBS, Citigroup For ARS Fraud

By Samuel Howard ( November 19, 2008, 12:00 AM EST) -- Burdened with $101 million in illiquid auction rate securities and $90 million in encroaching notes, disk drive component maker Hutchinson Technology Inc. has sued UBS AG and Citigroup Inc., claiming the banks sold the securities fraudulently....

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