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Investor Bid To Revive Dismissed Citigroup Suit Denied

By Ryan Boysen (March 13, 2018, 4:10 PM EDT) -- Citigroup Inc. shareholders can't revive a previously dismissed derivative suit by pointing to a $70 million civil penalty recently imposed by the government, Delaware's Chancery Court ruled on Monday, finding that the new consent order still doesn't excuse the investors from failing to bring their demands to the board before filing suit....

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