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In what might be the first suit of its kind, a Delray Beach, Fla., retiree whose nest egg of WorldCom stock dwindled from $2 million to nothing is suing Citigroup Inc. and its Salomon Smith Barney investment arm for emotional distress. The heart of the case is that the investment advice given by Citigroup and Salomon was corrupted by their close -- and undisclosed -- financial relationship with WorldCom and its executives.
September 02, 2003 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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