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1st Circ. Won't Rehear Puerto Rico Bank's Merger Suit

By Eric Hornbeck ( April 14, 2011, 4:55 PM EDT) -- The First Circuit refused Thursday to rehear en banc its March decision affirming dismissal of FirstBank Puerto Rico Inc. 's allegations that Instituto de Banca y Comercio Inc. insiders carried out a fraudulent merger in 2007. . . .

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