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Citi Dodges Derivative Suit Over MBS Investments

By Roxanne Palmer (May 17, 2011, 10:08 PM EDT) -- A federal judge in New York tossed a derivative suit brought by Citigroup Inc. shareholders on Tuesday, saying the plaintiffs should have demanded action from the bank's board of directors before suing Citigroup executives over the company's investments in mortgage-backed securities....

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