A federal judge in New York Tuesday dismissed a lawsuit filed by the Louisiana Stadium and Exposition District that contended it was sold a worthless bond insurance policy by Financial Guaranty Insurance Co.

Judge Loretta Preska of the U.S. District Court for the Southern District of New York dismissed the case with prejudice. It is one of several cases involved in a multi-district litigation known as “In Re Merrill Lynch Auction Rate Securities Litigation.”

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