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Beazley Says Ace Must Defend Nasdaq In Facebook IPO Suit

By Joe Van Acker (August 25, 2015, 7:47 PM EDT) -- Beazley Insurance Co. urged a New York federal judge on Friday to declare that Ace American Insurance Co. is obligated to defend Nasdaq OMX Group Inc. and two of the exchange's executives in multidistrict litigation accusing Nasdaq of botching Facebook Inc.'s $16 billion initial public offering....

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