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China Daily | Updated: 2009-07-15 07:52
Huffington sues over $20m loss
Former Republican Congressman Michael Huffington has filed a lawsuit against Carlyle Group alleging the private-equity firm misrepresented the safety of Carlyle Capital Corp, the publicly traded mortgage-securities fund that collapsed last spring, the Wall Street Journal reported.
Huffington lost his entire $20 million investment in the fund, the paper said.
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