FINRA Rules For Citi In ARS Dispute With Move Inc.

Law360, New York (December 10, 2009, 6:57 PM EST) -- A Financial Industry Regulatory Authority arbitration panel has denied online real estate company Move Inc.'s claims against Citigroup Global Markets Inc. for advising the company in connection with its investment in auction rate securities.

The FINRA panel issued an award on Tuesday denying Move Inc.'s claims against the financial giant in their entirety.

Move Inc. filed its statement of claims against Citigroup — the company’s investment adviser in connection with its investments in auction rate securities — in September 2008, alleging breach of fiduciary duty, breach...
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