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DOL Sues Investment Cos. For Ignoring Madoff Fraud

By Ian Thoms ( October 21, 2010, 7:01 PM EDT) -- The U.S. Department of Labor filed a lawsuit on Thursday against four investment firms, including Ivy Asset Management LLC and Beacon Associates Management Corp., for alleged negligence in investing hundreds of millions of dollars in pension funds with convicted swindler Bernard L. Madoff....

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