Moody's Execs May Dodge Testifying In Subprime Suit

Law360, New York (August 15, 2011, 2:37 PM EDT) -- A special master overseeing discovery in a proposed class action in New York over massive losses in subprime securities issued by Morgan Stanley & Co. said Friday that investors should be barred from deposing two high-level Moody's Investors Service Inc. executives.

Special Master Jonathan M. Redgrave said that the information investors wanted to get from Moody's executives Andrew Kimball and Richard Cantor was similar to information they have already received from other Moody's employees. The potential information the plaintiffs could obtain from the two executives was...
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