U.S. judge won't block SEC case against former S&P executive

April 15, 2015 1:37 PM

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NEW YORK, April 15 (Reuters) - A federal judge on Wednesday refused to stop the U.S. Securities and Exchange Commission from pursuing a case against a former Standard & Poor's executive over her role in an alleged fraud involving ratings for commercial mortgage-backed securities.

U.S. District Judge Richard Berman in Manhattan said Barbara Duka was not entitled to a preliminary injunction to stop the SEC's administrative proceedings because she was unlikely to succeed on the merits of her argument that the proceedings were unconstitutional.

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