Law360, New York (October 01, 2009) -- A federal appeals court has affirmed a district court's dismissal of a putative securities class action alleging that Legg Mason Inc. and Citigroup Inc. defrauded investors by omitting details of a secondary public offering following a multibillion-dollar unit swap in 2005.
The U.S. Court of Appeals for the Second Circuit on Wednesday ruled that the plaintiffs' arguments were without merit, because the information they alleged the companies had withheld was already...
