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Financial Litigation News

Dec 11, 2003

Firm Announces Tentative Settlement in Trust Fund Class Action Lawsuit

Robins, Kaplan, Miller & Ciresi L.L.P. announces that a $90 million settlement agreement has been reached in the class action lawsuit brought against financial institutions Bankers Trust Co. of New York, Wells Fargo & Co., U.S. Trust Corp., Bank of America Corp., Bear, Stearns & Co. and Settlement Services Inc. over the taking of trust funds created to support medical care and living expenses for 250 individuals who had settled personal injury cases in the 1980s.

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