For Immediate Release

Chicago, IL – September 14, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Citigroup Inc. (C), UBS AG (UBS), Credit Suisse Group AG (CS), Goldman Sachs Group Inc. (GS) and Bank of America Corporation (BAC).

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Here are highlights from Friday’s Analyst Blog:

Citgroup Wins Lawsuit Dismissal

Citigroup Inc.’s (C) officers and directors (including Chief Executive Officer Vikram Pandit) won the dismissal of a lawsuit claiming they breached their duty to the bank by manipulating the market for auction-rate securities (ARS).

On Sep 10,

...

Citigroup Inc.’s (C) officers and directors (including Chief Executive Officer Vikram Pandit) won the dismissal of a lawsuit claiming they breached their duty to the bank by manipulating the market for auction-rate securities (ARS). On Sep 10, U.S. District Judge Laura Taylor Swain in New York dismissed the derivative lawsuit on procedural grounds because the plaintiffs failed to ask the bank to bring the case itself. She gave the plaintiffs an opportunity to file a new complaint. In a derivative lawsuit, shareholders seek to recover damages from the company instead of being paid to individual shareholders. Damages would be sought from executives or board members. The judge's written ruling said the pension fund could file an amended complaint by Oct 1, but failure to do so would result in a judgment dismissing the complaint. Plaintiffs led by the Louisiana ...