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BDO Settles Suit Over Faulty Audit Of Subprime Lender

By Evan Weinberger (July 27, 2011, 2:25 PM EDT) -- Auditing firm BDO USA LLP on Tuesday resolved for $175,000 a proposed class action brought in Pennsylvania federal court by American Business Financial Services Inc. investors alleging they relied on the firm's faulty review of the failed subprime lender's financial reports....

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