Merkin Sued Again
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J. Ezra Merkin, the disgraced money manager who steered more than $2 billion to Bernie Madoff, has a new lawsuit to contend with. NYU filed suit against Merkin last month, accusing him of losing $24 million of the unversity's endowment due to his "deliberate ignorance." Now a pension plan, which says it lost $4 million investing in Merkin's various funds, is taking action, too. The full complaint appears below.