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1st Circ. Nixes FirstBank Appeal In Merger Fraud Suit

Law360, New York ( March 17, 2011, 4:42 PM EDT) -- The First Circuit has declined to revive FirstBank Puerto Rico Inc. 's suit accusing Instituto de Banca y Comercio Inc. insiders of carrying out a fraudulent merger in 2007 to deprive it of its 15 percent stake in the educational institution. . . .

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