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The Birmingham Business Journal reports that Citigroup has settled a lawsuit that originally was filed in 2004 and was connected with the 1995 leveraged recapitalization of Bruno’s by Kohlberg Kravis Roberts (KKR).

According to the story, plaintiffs were looking for hundreds of millions of dollars in damages related to what they said were violations of Alabama law in the way Bruno’s securities were underwritten.

Terms of the settlement were not disclosed.
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