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Investment

Court rules against S&P in Lehmann Brothers class action

A Federal Court judgement against ratings agency Standard & Poor's has cleared the way for Councils, church groups and charities to continue a damage claim relating to Lehman Brothers complex products.

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Read more: S&PFederal CourtAustraliaLehman BrothersLehman Brothers complex productsStandard & PoorInvestmentAAA ratingsBentham IMFCourt rulesJohn WalkerJustice Stephen RaresLehmann Brothers class actionNovemberSeptember 2012