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9th Circuit rejects lawsuit over Pimco total return fund
August 26, 2017 / 12:51 AM / a month ago

9th Circuit rejects lawsuit over Pimco total return fund

In a decision on Thursday, a three-judge panel of the 9th U.S. Circuit Court of Appeals agreed with Pimco that the lawsuit relied on alleged misstatements by Pimco and should have been brought under federal securities law, not as a state law breach of contract claim.

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