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UBS Unit Can't Ditch Suit Over $308M MBS Insurance

By Max Stendahl (August 16, 2012, 1:01 PM EDT) -- A UBS AG subsidiary must face claims it gave credit rating agencies false information about mortgage-backed securities that later tanked, forcing Assured Guaranty Municipal Corp. to pay out $308 million in insurance claims to investors, a New York federal judge ruled Wednesday....

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