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Del. Justices Uphold Toss Of Suit Over $65M Lending Co. Sale

By Lauren Berg ( May 15, 2020, 8:54 PM EDT) -- The Delaware Supreme Court on Thursday affirmed a ruling tossing a proposed investor class action alleging the $65 million go-private sale of student and specialty lender First Marblehead Corp. was steered by a conflicted controlling group to a company owned by First Marblehead's second-largest stockholder....

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