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S&P Fraud Case Proceeds In WesCorp, Eastern Financial Failures

JUL 9, 2013 2:52pm ET

LOS ANGELES – A federal judge yesterday rejected Standard & Poor’s bid to dismiss a Justice Department suit claiming the Wall Street rating agency intentionally ignored its own standards rating risky investments sold to WesCorp FCU and Eastern Financial Florida CU, and others, moving the landmark case closer to trial.

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