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Ackman’s Pershing Seeks to Toss Suit Over Howard Hughes Deal

Ackman’s Pershing Seeks to Toss Suit Over Howard Hughes Deal

Pershing Square sought to toss what it called a “facially defective” shareholder lawsuit accusing founder Bill Ackman of bullying Howard Hughes Holdings Inc. directors into a deal that increased the investment firm’s stake at an unfairly low price.

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