A Los Angeles law firm has filed a federal shareholders' lawsuit against CRM Holdings mirroring allegations by state auditors that its former New York group self-insured trust manager concealed major financial troubles that harmed investors between 2005 and 2008.The class-action lawsuit, filed in the New York Southern District of U.S. District Court by shareholder Beverly L. Munter, is strikingly similar to a $405 million state lawsuit filed against CRM Holdings by the New York State Workers' Compensation Board (SWCB) in December.It alleges that Compensation Risk Managers, a subsidiary...
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