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Litigation

Apr. 24, 2013

Two credit rating agencies dismissed from lawsuit

Attorneys bringing a complaint in San Francisco County Superior Court have requested to dismiss two credit rating agencies from an ongoing lawsuit alleging a number of companies conspired to force California public entities to buy unneeded bond insurance.

By Saul Sugarman
Daily Journal Staff Writer

SAN FRANCISCO - Attorneys bringing a complaint in San Francisco County Superior Court have requested to dismiss two credit rating agencies from an ongoing lawsuit alleging a number of companies conspired to force California public entities to buy bond insurance they did not need. Plaintiffs' attorney Joseph W. Cotchett requested late last week that Superior Court Judge Richard A. Kramer dismiss with prejudice Moody's Corp. and Fitc...

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