Moody's Execs Dodge Deposition In Securities Fraud Case

Law360, New York (August 19, 2011, 4:33 PM EDT) -- A New York federal judge ruled Thursday that two high-level Moody's Investors Service Inc. executives did not have to be deposed in a fraud suit over massive losses in subprime securities issued by Morgan Stanley & Co., after a magistrate recommended the decision last week.

New York federal Judge Shira A. Scheindlin said she had received no objections to the recommendation issued Aug. 12 by Special Master Jonathan M. Redgrave, which concluded that information sought from executives Andrew Kimball and Richard Cantor by plaintiffs including Abu...
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