In The News

  • Class action against rating companies allowed to proceed Tuesday, April 27, 2010

    Bloomberg BusinessWeek:  A class action lawsuit filed by investors against financial ratings companies Moody’s and Standard & Poor’s will proceed as the result of a ruling by a federal judge in New York.  David Glovin reports, “The institutional investors who sued…claimed the ratings companies and other defendants…misrepresented the value of Rhinebridge [a structured investment vehicle] and its debt.”

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