Investor Class Action V. Flag Telecom Marches On

By Samuel Howard (May 4, 2009, 12:00 AM EDT) -- In a long-running class action, Citigroup Global Markets Inc. and a battery of former officers of Flag Telecom Holdings Ltd. have failed to winnow claims that statements related to the bankrupt telecom company's initial public offering misled investors about demand for fiber-optic services....

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