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3rd Circ. Shuts Down IDT Suit Over $42.5M Winstar Deal

By Daniel Siegal ( January 28, 2015, 6:35 PM EST) -- The Third Circuit on Wednesday rebuffed IDT Corp. and Winstar Holdings LLC's bid to revive their lawsuit alleging The Blackstone Group LP and other financial firms misrepresented the value of bankrupt Winstar Communications Inc. before its $42.5 million sale, ruling the suit was time-barred....

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