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11th Circ. Says SLUSA Bars Penn Mutual Client's Class Claims

By Gina Kim ( May 31, 2022, 7:48 PM EDT) -- The Eleventh Circuit on Tuesday refused to revive a Georgia investor's claims for breach of fiduciary duty against Penn Mutual Life Insurance Co. and its investment firm subsidiary for self-dealing, ruling that the Securities Litigation Uniform Standards Act bars such claims from being brought as a class action.  . . .

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