NEW YORK - The Second Circuit U.S. Court of Appeals on March 5 affirmed the dismissal of Citigroup and other financial institutions from two putative class actions that alleged that the financial institutions violated antitrust law by withdrawing support for the auction rate securities (ARS) market, concluding that the plaintiffs did not allege a plausible conspiracy (Mayor and City Council of Baltimore, Maryland, et al. v. Citigroup, Inc., et al., Nos. 10-0722-cv, 10-0867, 2nd Cir.; 2013 U.S. App...(read more)![]()
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