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Trustee Not Liable For $168M RMBS Loss, 3rd Circ. Says

By Mike LaSusa ( May 21, 2019, 10:05 PM EDT) -- A Third Circuit appeals panel on Tuesday rejected IKB International SA's bid to revive a suit blaming Wilmington Trust Co. for a $168 million loss on residential mortgage-backed securities investments, saying the bank hadn't shown the trustee violated its contractual obligations....

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