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2nd Circ. Junks $574M False-Ratings Suit Against S&P

By Cara Salvatore ( December 18, 2015, 5:41 PM EST) -- The Second Circuit on Friday blocked German bank IKB Deutsche Industriebank AG from suing Standard & Poor's over the ratings service's positive grades for an investment vehicle that collapsed and washed away much of IKB's $574 million buy-in, saying IKB had a lawsuit-worthy smoking gun in hand for years before it took action....

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