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FHFA Defeats Time-Barred Claim In HSBC, Nomura Suits

By Stephanie Russell-Kraft ( August 28, 2014, 4:00 PM EDT) -- A New York federal judge ruled Thursday that a recent U.S. Supreme Court decision narrowing statutes of limitations does not apply to the Federal Housing Finance Agency claims alleging HSBC North America Holdings Inc. and other banks knowingly sold toxic residential mortgage-backed securities to Fannie Mae and Freddie Mac....

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