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Fund Managers Hit With Suit Over $32M Madoff Loss

By Mike Cherney (July 2, 2010, 2:26 PM EDT) -- Shareholders in a hedge fund that lost $32 million as a result of Bernard L. Madoff's notorious Ponzi scheme have filed a derivative lawsuit on behalf of the fund against its investment manager and executives, saying they should have known investing with Madoff was risky....

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