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NovaStar Fails In Bid To Nix ERISA Action

By Christine Caulfield (February 13, 2009, 12:00 AM EST) -- NovaStar Financial Inc. has lost a bid to toss a putative class action brought by a former employee alleging the one-time subprime mortgage lender caused millions of dollars in losses to workers' retirement accounts and breached federal laws by investing in its own struggling shares....

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