Hedge Fund Suit Against Citigroup Over Trading Nixed

Law360, New York (March 31, 2009, 12:00 AM EDT) -- Asserting that the allegations fail to support claims of fraud under the Commodity Exchange Act, a federal judge has thrown out a suit filed by hedge fund Walrus Master Fund Ltd. against Citigroup Global Markets Inc. over Citigroup’s alleged short-changing of the hedge fund in a trading arrangement.

On Monday, Judge Deborah A. Batts filed an order in the U.S. District Court for the Southern District of New York dismissing Walrus Master Fund’s Commodity Exchange Act claim with prejudice and the rest of the suit without...
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