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PXRE Securities Suit Dismissed With Leave To Amend

By Ben James ( January 27, 2010, 7:45 PM EST) -- A federal judge has dismissed a suit 19 hedge funds filed accusing Argo Group International Holdings Ltd., successor to PXRE Group Ltd., and several executives of misrepresenting the extent of the reinsurer's losses from hurricanes Katrina and Rita, while allowing the plaintiffs to file a new version of their complaint....

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