BUSINESS
08/14/2009 05:12 am ET Updated May 25, 2011

Michael Huffington, Former GOP Congressman, Sues Carlyle Group Over $20M In Mortgage Fund Losses

Michael Huffington, the wealthy former Republican congressman from California, is suing the Carlyle Group and its co-founder, David Rubenstein, over misrepresentations and deceptions Huffington claims they made regarding his $20 million investment loss in Carlyle Capital Corp., Carlyle's failed publicly traded mortgage fund.

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