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Wyly Unsecured Creditors Slam $198M Deal With SEC

By Alex Wolf (October 31, 2016, 2:51 PM EDT) -- Unsecured creditors of the Chapter 11 estate of Texas business tycoon Sam Wyly urged a bankruptcy court on Friday to deny the debtor's request to settle the federal government's securities fraud judgment for $198 million, saying the deal would unfairly deprioritize their claims....

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