Moody's, Standard & Poor's Escape $7.8B MBS Suit

By Ian Thoms (April 4, 2011, 2:34 PM EDT) -- A New York federal judge on Thursday dismissed Moody's Investors Service Inc. and Standard & Poor's Financial Services LLC from a class action accusing them and several bank underwriters of downplaying the risks associated with $7.75 billion in mortgage-backed securities offerings....

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