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2nd Circ. Kills Lloyds Investor Suit Over HBOS Acquisition

By Drew Singer (September 19, 2013, 2:35 PM EDT) -- Lloyds Banking Group PLC on Thursday again dodged a putative investor class action alleging it had concealed the precarious position of Halifax Bank of Scotland PLC prior to acquiring it in 2008, after the Second Circuit ruled that there is still no proof of fraud by the bank....

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