Citigroup Asks 2nd Circ. To Uphold Time Limit In CDO Suits
By Jess Krochtengel ( June 13, 2012, 3:08 PM EDT) -- Citigroup Inc. on Friday urged the Second Circuit to rule that 19 European banks and investment firms are time-barred from opting out of a 4-year-old putative class action claiming Citigroup failed to disclose risks associated with its collateralized debt obligations, in a case that could set new precedent on time limits in securities actions....
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