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Food Makers File $700M Surety Bond Suit V. Insurers

By Pete Brush (April 7, 2009, 12:00 AM EDT) -- U.S. producers of garlic, crawfish meat, mushrooms and honey on Tuesday filed a $723 million purported class action accusing insurers of negligently issuing customs surety bonds and then refusing to pay under those bonds when cheap Chinese imports drove down the price of imported goods....

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