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NY pension fund stake at risk in Hauppauge company bankruptcy
A Hauppauge company in which New York State's pension fund has invested at least $5 million has filed for bankruptcy, putting the state's stake at risk.
The Innovative Cos., which boasts many high-profile clients, specializes in countertops, vanities and floor and wall tiles made with natural stones. It was unable to renew a Citibank loan and filed for Chapter 11 protection, the company's...
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