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Bank Not Liable For Client's ERISA Fraud, 6th Circ. Says

By Eric Hornbeck (June 8, 2012, 4:48 PM EDT) -- Former clients of a convicted investment adviser who bilked employee-benefits plans that he managed out of millions of dollars and his bankrupt company can't sue Regions Bank for helping facilitate the fraud, because the bank wasn't their fiduciary, the Sixth Circuit ruled Friday....

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