-
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.”
Related posts:
- Class action can proceed over “locked” iPhones
- Countrywide reportedly agrees to $600 million class action settlement
- Goldman Sachs faces class action suit for allegedly deceiving investors
- Class action suit filed over unfair overdraft fees
- Chinese drywall class action certified in Florida
Tags: class action lawsuits, financial crisis, investors;
Category: In The News;