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SEC, IRS Tell Court To Nix Latest Wyly Estate Ch. 11 Plan

By Michelle Casady ( September 27, 2016, 8:12 PM EDT) -- The U.S. Securities and Exchange Commission and the Internal Revenue Service both urged a federal judge in Texas on Monday to reject the third version of a Chapter 11 reorganization plan for the estate of deceased business tycoon Charles Wyly, arguing there's been no assurance that the plan will be funded....

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