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Class Action lawsuits filed against PXRE Group

Three shareholder class action lawsuits were filed against PXRE Group Ltd., one former officer, and one current one from May 3-10 at the U. S. District Court for the Southern District of New York.
The plaintiffs have accused PXRE, Jeffrey L. Radke, the firm’s President and CEO, and John M. Modin, who was its CFO until he resigned on January 6, 2006, of violating the Securities Exchange Act.