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NY Appeals Court Affirms Toss Of CIFG's Bear Stearns Suit

By John Kennedy (November 29, 2016, 7:21 PM EST) -- A New York appellate court on Tuesday affirmed the dismissal of CIFG Assurance North America's claim that Bear Stearns, later acquired by a JPMorgan unit, misrepresented the quality of assets underlying two collateralized debt obligations to get them insured, but allowed CIFG to amend its claim....

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