MEMORANDUM OPINION AND ORDER
ZAGEL, District Judge.
Simply stated, the plaintiffs, trustees of a union pension fund ("Fund") contracted with the defendant ("Bank") to perform actuarial and portfolio management services for a dedicated bond portfolio to be used to pay a multimillion dollar liability stream. Such portfolios structure fixed-income assets to pay off maturing liability as they arise. The actuarial aspects of administration of the portfolio did...
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