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Ameriprise Settles Securities Suits For $27M: Atty

By Abigail Rubenstein (March 3, 2011, 5:22 PM EST) -- Ameriprise Financial Inc. will pay $27 million to settle two putative class actions pending in Texas that accuse an Ameriprise unit of selling securities in companies later revealed to be operating Ponzi schemes, an attorney for the plaintiffs said Thursday....

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