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9th Circ. Affirms Class In BNY Suit Over Ponzi Scheme

By Lisa Uhlman ( October 19, 2011, 4:05 PM EDT) -- The Ninth Circuit on Tuesday denied Bank of New York Mellon Corp. and Wells Fargo Bank NA's bid to challenge class certification for investors accusing them of breach of contract for allegedly failing to prevent Medical Capital Holdings Inc. from misappropriating millions....

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