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Moody's Investors Service News

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.

New S&P suits welcomed by Miss. AG Hood


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.