Litigation
Mar. 11, 2014
Discovery battle in suit against ratings agency focusing on former federal officials
Former high level officials are finding themselves at the center of an increasingly ferocious discovery fight between the Department of Justice and Standard & Poor's as the agency tries to beat back a $5 billion civil suit.
Daily Journal Staff Writer
High-level former Obama administration officials are finding themselves at the center of an increasingly ferocious legal battle between the Department of Justice and Standard & Poor Financial Services LLC as the ratings agency tries to beat back allegations that it knowingly overrated a slew of mortgage-backed securities in advance of the 2008 financial crisis.
The flurry of filings in the $5 bill...
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