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Investors can proceed with lawsuit against GE

Company and its executives accused of misleading investors during the 2008 financial crisis

On Thursday, a federal judge in Manhattan decided to keep alive a lawsuit against General Electric Co. and its executives that alleges the company misled investors about its financial health during the 2008 economic crisis.

Investors are seeking to hold GE responsible for losses they incurred when the company’s market value fell by more than $150 billion. GE allegedly marketed itself as being a safer option than its rivals in the wake of the recession and withheld information about the company’s failing financial health, including its exposure to subprime loans.

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