A U.S. federal judge dismissed a shareholder lawsuit accusing Jordan 1 Canadian Imperial Bank of Commerce and four executives, including Chief Executive Gerald McCaughey, of misleading investors about the bank's exposure to subprime mortgages. Judge William Pauley of Manhattan federal court rejected claims onJordan 10 Wednesday in the class-action case that CIBC committed securities fraud by making at least 14 misrepresentations between May 2007 and May 2008 and understating its risk from own...
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