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9th Circ. Nixes Suit Against Allianz Over $6B Fraud Sentence

By Ganesh Setty ( June 30, 2025, 9:12 PM EDT) -- A man can't bring securities fraud claims against Allianz SE after one of the German financial services giant's former businesses pled guilty to investment fund fraud and was ordered to pay roughly $6 billion, the Ninth Circuit ruled, finding he failed to sufficiently allege Allianz SE itself acted fraudulently....

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