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Northern Trust Settles With Funds In Negligence Action

By Adam Lidgett ( July 13, 2016, 11:02 PM EDT) -- Northern Trust Co. announced Wednesday it has reached a settlement in a class action that claims it negligently breached securities lending contracts by steering clients including two Pontiac, Mich., retirement funds toward risky assets such as Lehman Brothers Holdings Inc. and CIT Group Inc. shares....

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