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Investors' 'Assumption' Not Enough For Fraud Suit, Bank Says

By Jon Hill (August 22, 2018, 8:00 PM EDT) -- TCF National Bank and its indirect auto finance affiliates urged a California federal court Tuesday to throw out a securities fraud suit accusing them of misrepresenting a key prospective performance metric to investors in their auto-loan asset-backed securitizations, arguing the case boils down to little more than a "mistaken assumption."...

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