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Lloyds Investors Sue Over Shady Bank Acquisition

By Evan Weinberger (December 1, 2011, 2:19 PM EST) -- Holders of American depositary shares in Lloyds Banking Group PLC on Wednesday launched a purported class action alleging the British bank concealed the hobbled condition of Halifax Bank of Scotland prior to acquiring it in 2008, causing massive investor losses when the truth emerged....

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