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"Shares in Carmel-based CNO Financial Group Inc. tumbled in Friday-morning trading after the company ended a risk-transfer agreement with a reinsurer tied to embattled hedge fund Platinum Partners, taking an estimated $55 million loss on the terminated deal and suspending share buybacks. The stock fell as much as 5.3 percent, to $14.73 per share, extending its loss for the year to 23 percent. CNO units have filed a lawsuit against executives of Beechwood Re, according to a written statement issued Thursday by the Carmel-based insurer. . . .", www.ibj.com
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