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Investors Sue Principal Over Fund Redemption Dates

By Evan Weinberger ( December 2, 2010, 1:40 PM EST) -- The Principal Financial Group has been hit with a putative class action alleging it misled investors into believing that mailed-in mutual fund redemption requests were processed when they were received at a Boston post office box, when in reality the requests were not processed until the following day, leading to investment losses....

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