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Judge Snubs SEC Again In Favor Of Merchant Capital

By Samuel Howard (June 12, 2008, 12:00 AM EDT) -- In a suit remanded by an appeals court, a federal judge again rebuffed the U.S. Securities and Exchange Commission Tuesday, dismissing the agency's claims against Merchant Capital LLC and refusing to impose penalties on the grounds that the principals of the debt-purchasing business had acted in good faith....

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