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Schwab Urges High Court To Quash Risky CMO Class Action

By Stephanie Russell-Kraft (July 31, 2015, 7:17 PM EDT) -- Schwab Investments has petitioned the U.S. Supreme Court to review a Ninth Circuit decision that revived a proposed class action accusing it of making risky bets on collateralized mortgage obligations despite policies outlined in investment guidelines, arguing the plaintiffs had no standing to sue in the first place....

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