Citigroup doesn’t have to arbitrate with hedge fund, appeals court rules

A broker-dealer unit of Citigroup Inc., the third-largest U.S. bank by assets, doesn't have to arbitrate a claim that it arranged a credit-default swap that cheated a hedge fund out of $10 million. The federal appeals court in New York, upholding a lower court's ruling, said Wednesday that Citigroup Global Markets Inc. doesn't have to resolve ...

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Citigroup doesn’t have to arbitrate with hedge fund, appeals court rules

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