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NM Qui Tam Case Alleges $288M Pay-For-Play Fraud

Posted: March 10, 2010 @ 11:00 pm - Law360.com - Business Wire

A former New Mexico state official has beefed up his whistleblower lawsuit against a slew of defendants, including Vanderbilt Financial LLC, Merrill Lynch & Co. Inc., Katten Muchin Rosenman LLP, Richards Layton & Finger PA and Clifford Chance US LLP, saying the state lost $288 million at the hands of a pay-to-play scheme involving mortgage-backed securities.
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