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Citigroup, UBS win auction antitrust suits’ dismissal

Citigroup Inc., Goldman Sachs Group Inc., UBS AG and seven other banks won dismissal of lawsuits in which they were accused of violating U.S. antitrust law by propping up and then abandoning the market for auction-rate securities. U.S. District Judge Barbara Jones in New York dismissed the litigation in a ruling Tuesday. "The securities laws are in ...

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