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2nd Circuit: Court Erred In Denying Remand To State Court In Securities Suit

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NEW YORK - A federal district court erred in denying American International Group Inc.'s motion to remand a complaint filed against Bank of America Corp., certain of its subsidiaries and others under provisions of the Edge Act, a Second Circuit U.S. Court of Appeals panel ruled April 19 (American International Group Inc., et al. v. Bank of America Corp., et al., No. 12-1640, 2nd Cir.)....(read more)

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