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Mich. Funds Win Cert. In Northern Trust Negligence Action

By Pete Brush (December 22, 2015, 2:46 PM EST) -- A Chicago federal judge on Monday certified a class including two Pontiac, Michigan, retirement funds that claim Northern Trust Co. negligently breached securities-lending contracts by steering them toward risky assets including Lehman Brothers Holdings Inc. and CIT Group Inc. shares and failing to divest as markets collapsed....

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