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Judge Rejects S&P’s ‘Puffery’ Defense In Suits Over WesCorp, Eastern Financial Demise

JUL 17, 2013 2:48pm ET

LOS ANGELES – A federal judge today rejected claims by Standard & Poor’s that its boasts of its ratings impartiality were nothing more than public relations “puffery” aimed at but not to be relied on by investors like WesCorp FCU and Eastern Financial Florida CU to buy what turned out...

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