Citigroup Settles $70 Million Trade-Loss Suit With Loomis Sayles
Citigroup Inc. settled a trade-loss lawsuit brought by Loomis, Sayles & Co. over alleged execution of orders that caused more than $70 million in losses, according to court filings. The parties told a federal judge they will drop the case without refiling and did not disclose settlement terms. The suit involved Citi as broker for trades in Shopify and Colgate-Palmolive.

