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Unusual Investment Suit

posted 202 weeks ago on Specialty Insurance Blog

A recent suit by one investment fund against a large private equity fund is an example of a highly unusual investment related claim, and demonstrates the need investment related organizations have for professional liability insurance. What makes this lawsuit unusual is that one shareholder of a company is suing another potential shareholder, and both parties are investment funds. In this case (see here & here), an investment fund bought stock in a company after a large private equity fund announced...
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