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Former Citigroup broker sues bank adviser for $80m

A former Citigroup executive who acted as broker to the convicted chief of Worldcom is suing the law firm that advised the bank on his severance package over a conflict of interests.

David Trautenberg, the former co-head of Citigroup's private wealth management group and broker to WorldCom chief Bernard Ebbers, claimed law firm Paul, Weiss, Rifkind, Wharton & Garrison used confidential information against him when advising Citigroup in his severance pay negotiations.

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