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Northern Trust Can't Nix LA's $95M Pension Fund Loss Suit

By Bonnie Eslinger (July 21, 2016, 10:05 PM EDT) -- A California judge Thursday denied Northern Trust's bid to toss Los Angeles' suit over $95.6 million in city pension losses through risky mortgage-backed securities, saying though restitution is the "dog, not the tail" of the case, it was still inappropriate as the basis to nix the suit....

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