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(Bloomberg) -- Citigroup Inc., Goldman Sachs Group Inc. and UBS Group AG agreed to pay $235 million to settle a lawsuit claiming they failed to disclose they hadn’t followed underwriting guidelines for mortgage securities.

To contact the reporter on this story: Patricia Hurtado in Federal Court in Manhattan at pathurtado@bloomberg.net

To contact the editor responsible for this story: Michael Hytha at mhytha@bloomberg.net

Bloomberg