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Calif.'s S&P Suit Heralds Bold False Claims Push

By Erin Coe ( February 8, 2013, 11:23 PM EST) -- A day after the U.S. government accused Standard & Poor's Financial Services LLC of inflating ratings on mortgage-backed securities, California's attorney general filed suit claiming the credit ratings company's practices violated the state's False Claims Act, an aggressive use of a law typically asserted by company whistleblowers that experts say could stretch its scope....

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