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Litigation

Jan. 29, 2015

Trial date set for Justice Department's $5 billion case against S&P

Settlement talks are reportedly heating up between S&P's parent company, McGraw Hill Financial Inc., and the U.S. Department of Justice, but lawyers gave little indications of that in court Tuesday.


By Henry Meier


Daily Journal Staff Writer


SANTA ANA - Lawyers in the government's $5 billion case against Standard & Poor's - brought over its allegedly inflated ratings of sophisticated securities backed by residential mortgages that blew up during the financial crisis - showed no signs of backing down from aggressive litigation Tuesday, despite reports of advancing settlements talks.


While U.S. District Judge David O. Carter bri...

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