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Refco Underwriters Settle Securities Suit For $53M

By Christopher Norton ( April 21, 2010, 1:56 PM EDT) -- Credit Suisse Securities USA LLC, Banc of America Securities LLC, Deutsche Bank Securities Inc. , Goldman Sachs & Co. and others have agreed to pay $53 million to settle allegations that they aided Refco Inc. in artificially inflating its stock via false statements, nondisclosures and fraudulent conduct. . . .

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