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28 Jan 2010, 5:51 am by Kelly
Lst night, President Obama delivered the annual State of the Union address. [read post]
The plaintiffs in the case alleged that the defendants, current and former directors of Citigroup, had breached their fiduciary duties by not properly monitoring and managing the business risks that Citigroup faced from subprime mortgages and securities, and by ignoring alleged “red flags” that consisted primarily of press reports and events indicating worsening conditions in the subprime and credit markets. [read post]