Judge Nixes 'Wordy' Freddie Mac Securities Action

By Eric Hornbeck ( October 20, 2010, 3:48 PM EDT) -- A federal judge has chucked a "long, wordy and very unspecific" shareholder class action accusing Freddie Mac executives, its underwriters and an auditor of making false statements in a securities offering before the mortgage giant collapsed, but left the window open for another complaint. . . .

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