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UBS, Others Can't Duck Tenn. Pension Fund's $164M MBS Suit

By Carmen Germaine ( May 26, 2016, 7:36 PM EDT) -- A Tennessee chancery court judge declined to dismiss the state pension fund's claims that it lost $164 million on faulty mortgage-backed securities underwritten and issued by UBS Securities and others, finding the fund is an arm of the state and not subject to the statute of limitations....

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