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Neuberger Beats Suit Over $30M Gambling Loss In 2nd Circ.

By Evan Weinberger ( October 28, 2013, 3:21 PM EDT) -- The Second Circuit on Monday drove a stake through the heart of long-running shareholder derivative litigation over Neuberger Berman LLC's investment in online gambling companies whose revenue depended on illegal bet-taking in the U.S., allegedly causing around $30 million in losses....

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