PXRE Seeks To Toss Funds' Suit Over Katrina Losses
By Brendan Pierson ( May 8, 2009, 12:00 AM EDT) -- Reinsurer PXRE Group Ltd. and three of its executives have moved to dismiss a lawsuit by a group of hedge funds alleging the company underreported its losses after Hurricane Katrina to avoid having its credit rating downgraded....
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