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Carrington Asks 2nd Circ. To Nix $1.9M Award To Investor

By Pete Brush ( April 5, 2016, 8:27 PM EDT) -- Carrington Capital Management LLC asked the Second Circuit Tuesday to undo a Connecticut trial judge's $1.9 million award in favor of sub-prime mortgage credit bond investor Joseph Umbach, arguing the hedge fund had the contractual right to hold his capital as debt markets locked up in August 2007. ...

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