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Try CasePortal for FreeJ. Gardephe grants the credit rating agencies' motion to dismiss securities fraud claims alleging that it assigned false and misleadingly high ratings to auction rate securities. The investors have not plausibly alleged that the ratings issued by the agencies were fraudulent when made. Further, they cannot make a negligent misrepresentation claim under Ohio law, because the ratings were issued to investors around the world, not just to a limited class of investors.
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