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State Street Tries To Squash FW Webb Subprime Suit

By Christie Smythe ( April 26, 2010, 5:31 PM EDT) -- Lawyers for State Street Bank & Trust Co. and CitiStreet LLC asked a judge Monday to dismiss a suit brought by F.W. Webb Co. over losses in employee benefit accounts invested in subprime assets, arguing that the financial firms provided sufficient information about the risks....

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