Legal Newsline

Friday, April 10, 2020

Moody's Investors Service

Recent News About Moody's Investors Service

  • S&P pushes federal judge to dismiss lawsuit filed by DOJ, state AGs

    LOS ANGELES (Legal Newsline) -- The McGraw-Hill Companies Inc. and its subsidiary Standard & Poor's Rating Services is pushing a federal judge to dismiss a lawsuit filed against it by the U.S. Department of Justice and a group of state attorneys general.

  • U.S. asks federal court to deny S&P's motion to dismiss fraud lawsuit

    LOS ANGELES (Legal Newsline) -- The U.S. Department of Justice, in a filing Monday, asked a federal court not to dismiss its lawsuit against The McGraw-Hill Companies Inc. and its subsidiary Standard & Poor's Rating Services.

  • Federal judge remands Conn. lawsuit against S&P to state court, 'where it belongs'

    HARTFORD, Conn. (Legal Newsline) -- A federal judge has remanded to a state court Connecticut's lawsuit against The McGraw-Hill Companies Inc. and its subsidiary Standard & Poor's Rating Services, according to a ruling filed late Wednesday.

  • S&P says DOJ failed to disclose collaboration with state AGs

    HARTFORD, Conn. (Legal Newsline) -- In a federal court filing earlier this week, Standard & Poor's Rating Services accused the U.S. Department of Justice of hiding its collaboration with a group of state attorneys general in suing the credit ratings agency over its alleged fraud.

  • Majority of states suing S&P say they're handling case in-house

    WASHINGTON (Legal Newsline) -- The majority of a group of states suing Standard & Poor's Rating Services say they are not using outside counsel to pursue the case, according to an informal survey.

  • Federal court rules for credit rating agencies

    CINCINNATI - A federal appeals court has sided with three major credit rating agencies in ruling against Ohio pension funds regarding mortgage debt.

  • Ratings agencies point to Second Circuit decision while fighting Cordray's case

    Cordray CINCINNATI (Legal Newsline) - Credit ratings agencies sued by former Ohio Attorney General Richard Cordray are saying an appeals court's recent decision bodes well for them.

  • Ohio appealing ruling in case against credit rating agencies

    NEW YORK (Legal Newsline) - Attorneys for five Ohio pension funds are not accepting a ruling that dismissed former state Attorney General Richard Cordray's lawsuit against the three major credit rating agencies.

  • Judge tosses lawsuit brought by Obama nominee

    COLUMBUS, Ohio (Legal Newsline) - The three major credit rating agencies have won a lawsuit filed by former Ohio Attorney General Richard Cordray, who is President Barack Obama's pick to head a key consumer protection post.

  • Cuomo inquiry targets large banks

    Cuomo NEW YORK (Legal Newsline) - New York Attorney General Andrew Cuomo is probing eight banks he believes might have misled credit rating agencies.

  • Judge greenlights charge against Wall Street rating agencies

    SAN FRANCISCO (Legal Newsline)- CalPERS, the nation's largest public pension fund, may sue three Wall Street bond-rating agencies over failed investments containing risky debt, a judge in California has ruled.

  • Calif. AG accuses Wall Street firm of ignoring subpoena

    Jerry Brown (D) SACRAMENTO, Calif. (Legal Newsline)-California Attorney General Jerry Brown on Monday said he is asking a judge to compel Moody's Investors Service Inc. to comply with a state subpoena in the investigation of the company's ratings of risky mortgage-backed securities.

  • AG sues Moody's, S&P over 'tainted ratings'

    Richard Blumenthal (D-Conn.) NEW YORK (Legal Newsline)-Wall Street credit rating giants Moody's Investors Service and Standard & Poor's were sued Wednesday by Connecticut Attorney General Richard Blumenthal, marking the second state action against the firms over their ratings to investments backed by subprime loans.

  • Connecticut AG to sue Wall Street rating firms

    Richard Blumenthal (D) NEW YORK (Legal Newsline)--Connecticut Attorney General Richard Blumenthal said Wednesday e plans to sue the three major Wall Street credit-rating agencies over their alleged roles in the recent financial industry meltdown.

  • Ohio AG sues Wall Street rating firms

    Richard Cordray (D) COLUMBUS, Ohio (Legal Newsline)- The Ohio's attorney general sued the nation's three major Wall Street credit-ratings agencies Friday, alleging that they provided inflated ratings to mortgage-backed securities.

  • California continues to hemorrhage red ink

    Jerry Brown (D) SACRAMENTO, Calif. (Legal Newsline)-As California Attorney General Jerry Brown considers a run for governor, officials said Wednesday the state's fiscal health is deteriorating.

  • Calif. AG to probe credit rating firms

    Jerry Brown (D) SACRAMENTO, Calif. (Legal Newsline)--The California attorney general said Wednesday that he plans to investigate credit rating firms and the role they played in the nation's financial crisis.

  • Blumenthal sues credit-rating firms

    Richard Blumenthal (D) HARTFORD, Conn. (Legal Newsline)-Connecticut Attorney General Richard Blumenthal on Wednesday sued the nation's three major credit-rating agencies for allegedly engaging in deceptive and unfair practices.

  • Blumenthal backs Cuomo agreement

    Blumenthal HARTFORD, Conn. (Legal Newsline) - Applauding his colleague in New York, Connecticut Attorney General Richard Blumenthal on Thursday said he hopes the strong start to reform in the credit rating industry continues.