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JPML Won't Combine NY, Calif. Allianz Actions

By Dorothy Atkins (June 7, 2021, 10:41 PM EDT) -- The Judicial Panel on Multidistrict Litigation has refused to centralize litigation against Allianz Global Investors over its alleged risky bets in New York federal court, finding that the parties had yet to consider "informal cooperation" and that consolidation should only be a last resort....

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