UPDATE 1-SEC may pursue case against ex-S&P executive -U.S. judge

April 15, 2015 3:12 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 did not deserve a preliminary injunction because she was unlikely to succeed on the merits of her argument that SEC administrative proceedings are unconstitutional.

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