Citi Can't Claim Privilege On Advice Used As Defense: SEC
By Steven Melendez ( April 5, 2012, 8:55 PM EDT) -- The U.S. Securities and Exchange Commission told a federal judge Thursday that a former Citigroup Inc. executive sued for allegedly marketing a $1 billion collateralized debt obligation Citigroup bet against can't use legal advice as a defense while Citigroup calls relevant correspondence privileged....
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