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$7B Wells Fargo ARS Suit Is Fatally Flawed, Judge Says

By Evan Weinberger ( October 23, 2012, 6:49 PM EDT) -- A federal magistrate judge in Delaware on Monday said an investor suit against Wells Fargo Securities LLC over a $7 billion settlement deal related to the auction rate securities market's collapse should be dismissed and could not be altered to survive under federal law....

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