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MetLife Clients Lose Cert. Bid In Suit Over $216M Ponzi Scam

By Daniel Siegal ( January 14, 2015, 9:51 PM EST) -- A California judge on Wednesday rejected a class certification bid from over 200 investors who claim Metropolitan Life Insurance Co. agents persuaded them to purchase unregistered securities from an alleged $216 million Ponzi scheme, saying whether investors relied on agents' alleged misrepresentations is an individualized issue....

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