2nd Circ. Says Citi Investors Can't Recoup $800M RMBS Loss

By Carmen Germaine (August 5, 2016, 2:26 PM EDT) -- The Second Circuit on Friday ruled that investment trusts controlled by insurance executive Arthur L. Williams and his wife, Angela, can't sue Citigroup Inc. for allegedly duping them into keeping shares that dropped during the financial crisis because their claimed $800 million loss is hypothetical....

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