Commercial Loan Concerns
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Caspersen’s case raises inquiries about how PJT, an advisory firm that combined with the mergers and restructuring companies of private-equity giant Blackstone Group LP last year, failed to notice what he was carrying out, and why someone in his position would allegedly run a scam that was likely to be found. PJT dropped 86 cents to $22.80 at 10:38 in New York Tuesday, extending its two-day decline to 14 percent.
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