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Bear Stearns Amply Warned Ky. Bank Of MBS Risk: 6th Circ.

By Matt Fair ( June 20, 2012, 7:33 PM EDT) -- Bear Stearns and Co. Inc. adequately warned Republic Bank and Trust Co. about the risky nature of $52 million worth of investments in subprime mortgage-backed securities, the Sixth Circuit found Wednesday, agreeing with a lower court's decision to toss Republic's lawsuit claiming the now-defunct investment bank was liable for its losses.  . . .

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