Litigation
Jul. 31, 2014
Judge tells financial institutions to comply with discovery in S&P litigation
After a full morning of argument, a federal court judge made it clear Tuesday that he expects third party financial institutions to comply at "warp speed" with the discovery requests issued by Standard & Poor's Financial Services LLC.
By Henry Meier
Daily Journal Staff Writer
After a full morning of argument, a federal court judge made it clear Tuesday that he expects third party financial institutions to comply at "warp speed" with the discovery requests issued by Standard & Poor's Financial Services LLC in conjunction with prosecutors' $5 billion civil suit against the company.
U.S. District Judge David O. Carter did not mince words, telling lawyers for the five banks and one financial regulato...
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