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Thu 08 Aug 2008NI public servants' pension fund sues Lehman
A NORTHERN Ireland Government pension fund has been named as the co-lead plaintiff in a potentially multi-million dollar case against the American investment bank Lehman Brothers Holding Inc.
The £3.1 billion (€3.9 billion) Northern Ireland Local Government Officers' Superannuation Committee (NIGOSC), which manages the pension fund for public sector workers in the North, is one of five pension funds seeking damages from the US investment bank. The NIGOSC and the £3 billion Lothian Pension Fund in the UK and three American pension funds are among the other co-lead plaintiffs against Lehman Brothers.
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