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Norwegian Cities Accuse Citigroup Of $200M Swindle

By Melissa Lipman (August 11, 2009, 1:09 PM EDT) -- The bankruptcy estate of Terra Securities ASA and seven Norwegian cities have hit Citigroup Inc. with a $200 million securities suit, accusing the financial giant of tricking the municipalities into buying risky derivatives that essentially provided credit insurance for the company as credit markets began to head south....

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