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Funds Fight To Keep Odebrecht Bond Fraud Suit Alive

Law360 (March 7, 2018, 8:49 PM EST) -- Investment firm DoubleLine Capital LP and its funds have asked a Manhattan federal judge to reject an effort by scandal-wracked Brazilian builder Odebrecht to dismiss their fraud suit, saying they lost millions when Odebrecht’s bribery-centric business strategy came to light.

DoubleLine sued Odebrecht SA and two subsidiaries last year and beefed up its complaint in the following months with new allegations and more legal claims, tripling its length. Odebrecht companies have accused DoubleLine of using “sensational” language to mask the weakness of its complaint, but the...
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