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Ratings firms lose free-speech bid to dismiss lawsuit

A U.S. judge refused to dismiss a lawsuit against Moody's Investors Service Inc. and Standard & Poor's, rejecting arguments that investors can't sue over deceptive ratings of private-placement notes because those opinions are protected by free-speech rights. U.S. District Judge Shira Scheindlin in New York rejected the ratings firms' arguments Wednesday, leaving them and Morgan Stanley ...

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