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Wyly Bankruptcy Atty Says Case Proceeding 'By The Book'

By Caroline Simson (October 29, 2014, 8:15 PM EDT) -- Counsel representing Sam Wyly in his bankruptcy told a New York federal judge in a letter made public Wednesday that the Texas tycoon hasn't been liquidating assets unbeknownst to them, firing back against the U.S. Securities and Exchange Commission's bid for an extended asset freeze that would apply to Wyly's family members and third parties....

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