Litigation
May 22, 2013
Federal prosecutors respond to S&P in $5B ratings suit
Federal prosecutors late Monday attempted to deflect defense attorneys' pointed critique of the government's $5 billion civil fraud suit against Standard & Poor's.
By Henry Meier
Daily Journal Staff Writer
Federal prosecutors late Monday attempted to deflect defense attorneys' pointed critique of the government's $5 billion civil fraud suit against Standard & Poor's.
In an opposition to the company's motion to dismiss the case, the government takes S&P to task for relying on a 2nd U.S. Circuit Court of Appeals case in which the company prevailed by likening its ratings to "mere puffery" and ...
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