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PMC Bancorp Fights Lehman's $2M Win At 9th Circ.

By Brandon Lowrey ( May 6, 2015, 6:21 PM EDT) -- PMC Bancorp on Wednesday urged the Ninth Circuit to overturn Lehman Brothers Holdings Inc.'s $2.4 million win in a lawsuit over allegedly defective residential mortgage loans that PMC sold to Lehman, saying that Lehman is precluded from seeking damages on most of the defaulted loans because it made full credit bids on them....

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