Moody's request for private hearing on appeal rejected
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Hong Kong
A HONG Kong tribunal has rejected a private proceeding request by Moody's Investors Service for its appeal against a HK$23 million (S$3.9 million) penalty and public reprimand imposed by the city's securities regulator.
The rating company didn't build a sufficient case for keeping the hearings and orders private, Justice Michael John Hartmann said in a written decision posted on the Securities and Futures Appeals Tribunal's website. The original case hasn't been publicly disclosed.
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