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Thornburg Underwriters Rightly Dropped From Suit: 10th Circ.

By David McAfee ( July 9, 2013, 8:32 PM EDT) -- The Tenth Circuit on Tuesday affirmed a district court's dismissal of Securities Act claims against banks that underwrote a series of stock offerings for bankrupt lender Thornburg Mortgage Inc., finding that the plaintiffs failed to plead sufficient facts that implicate the underwriters....

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