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Moody’s Settles With Shareholders in Structured-Finance Suit

Moody’s Corp. said it reached a settlement with stockholders in lawsuits filed over structured-finance ratings.

Moody’s agreed to implement new governance procedures to settle with the Louisiana Municipal Police Employees Retirement System and other investors, according to a filing by the New York-based company today with the U.S. Securities and Exchange Commission. The ratings company didn’t admit wrongdoing.