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State Street Beats GM Workers' ERISA Suit On Appeal

By Dani Meyer (November 10, 2015, 8:45 PM EST) -- The Sixth Circuit refused Tuesday to revive a class action brought by General Motors Corp. employees accusing State Street Bank & Trust Co. of imprudently holding onto GM stock in their pension plans even as the carmaker's bankruptcy appeared imminent, ruling they didn't show why the company shouldn't have relied on market pricing....

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