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Schwab Slams CMO Class Standing In High Court Petition

By Carmen Germaine (September 11, 2015, 5:41 PM EDT) -- Schwab Investments has told the U.S. Supreme Court that the plaintiffs bringing a putative class action claiming it made risky bets on collaterized mortgage obligations despite policies in its investment guidelines have no standing and are relying on "distractions" to fight Schwab's appeal of a Ninth Circuit decision reviving the suit....

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