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11th Circ. Denies Review Of Penn Mutual Client's Class Claims

By Hope Patti ( September 20, 2022, 4:53 PM EDT) -- The Eleventh Circuit denied an investor's bid for a panel rehearing over claims that Penn Mutual Life Insurance Co. and its investment firm subsidiary breached their fiduciary duties under Georgia law, affirming its prior ruling that the Securities Litigation Uniform Standards Act bars such claims from being brought as a class action....

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