Litigation
Apr. 24, 2013
S&P moves to toss government's ratings fraud suit
Defense attorneys for Standard & Poor's moved to dismiss the government's $5 billion civil suit Monday, claiming the case against the ratings giant and its parent company McGraw-Hill Companies Inc. did not state any viable claims.
Daily Journal Staff Writer
Defense attorneys for Standard & Poor's moved to dismiss the government's $5 billion civil suit Monday, arguing the case against the ratings giant and its parent company, McGraw-Hill Companies Inc., failed to state a viable claim.
Federal prosecutors' suit alleges that S&P committed mail, wire and financial institution fraud by knowingly inflating its ratings of companies that held...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$895, but save $100 when you subscribe today… Just $795 for the first year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In