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Mizuho Securities sees $105m lawsuit windfall

TOKYO -- Mizuho Securities expects to post an extraordinary profit of 12.8 billion yen ($105 million) for the July-September quarter, thanks to a recent court victory over the owner of the Tokyo Stock Exchange.

     The Mizuho Financial Group unit made the announcement Friday after the long-running case was finally resolved. The company had sued the TSE for failing to promptly cancel a huge, erroneously placed sell order nearly a decade ago.

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