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Morgan Stanley, Moody's, S&P On Hook In Fraud Suit

By Christopher Norton (September 3, 2009, 6:13 PM EDT) -- A judge has ruled that Morgan Stanley & Co. Inc., Moody's Investors Service Inc. and Standard & Poor's Rating Services must face class action fraud allegations that the firms deceived investors with overly favorable ratings of the first structured investment vehicle to fail in the credit crisis, while Bank of New York Mellon has been let off the hook....

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