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Insurers Ditch Parmalat Securities MDL Against BofA

By Megan Stride ( September 20, 2010, 2:49 PM EDT) -- Scottish Re (US) Inc., Principal Life Insurance Co., Principal Global Investors LLC and Aviva Life Insurance Co. have joined a growing group of plaintiffs who have settled a suit accusing Parmalat SpA underwriter Bank of America Corp. of costing them millions of dollars by hiding the financial state of the Italian dairy giant before its 2003 collapse....

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