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S&P Says German Lender's False Ratings Suit Is Too Late

By Stewart Bishop ( August 20, 2014, 9:10 PM EDT) -- Standard & Poor's Ratings Services on Wednesday pressed a New York federal judge to quash a lawsuit from German lender IKB Deutsche Industriebank AG that claims the ratings agency gave falsely positive ratings to an investment vehicle filled with residential mortgage-backed securities, calling the action untimely....

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