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Warburg Pincus Can't Beat Rural/Metro Investors' Fraud Suit

By Bonnie Eslinger (January 12, 2017, 11:36 PM EST) -- A California federal judge on Thursday tentatively ruled that Warburg Pincus can't escape a securities fraud suit brought by Oaktree Capital Management-owned funds claiming the private equity firm misrepresented the financial health of now-bankrupt Rural/Metro Corp., saying the funds had raised a strong inference that a managing director's statement was meant to deceive....

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