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Blackstone, Goldman Sued Over 'Junk Insurance' Co.

Law360, New York (October 21, 2010, 1:56 PM EDT) -- The Los Angeles City Attorney's Office has sued HealthMarkets Inc. and its controlling shareholders Blackstone Group LP and Goldman Sachs Group Inc. for potentially tens of millions of dollars, accusing the medical insurer of misleading consumers into buying "junk insurance" that left policyholders with poor coverage....

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