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2nd Circ. Affirms Class In Flag Telecom Suit

By Morgan Bettex (July 23, 2009, 1:29 PM EDT) -- A federal appeals court has upheld class certification in a long-running securities action against Citigroup Global Markets Inc. and a battery of former officers of bankrupt Flag Telecom Holdings Ltd., but eliminated investors who sold their shares before Flag disclosed that it had misrepresented its financial results....

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