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Citigroup Units Cut Loose From Investor Fee Suit

By Keith Goldberg (August 15, 2012, 6:34 PM EDT) -- A New York federal judge on Wednesday dropped Citigroup Inc. units from an investor class action accusing them of pocketing fees for mutual funds they managed, saying the plaintiffs' Securities Exchange Act claims didn't meet heightened pleading standards established in recent U.S. Supreme Court decisions....

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