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Puda Coal Underwriters Pay $8.6M To Settle Investor Claims

By Jeff Zalesin ( October 19, 2015, 7:04 PM EDT) -- Puda Coal investors said Friday that a Macquarie Group unit and Brean Murray have agreed to pay a combined $8.6 million to resolve claims in New York federal court over their underwriting of a stock offering for Puda, which allegedly had secretly sold its key subsidiary to a private equity firm....

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