U.S. Judge Permits Fraud Claims Against Rating Agencies to Go Forward
Southern District Judge Shira Scheindlin refused to dismiss common law fraud claims against Moody's and Standard & Poor's relating to a structured investment vehicle called Cheyne Finance, which got AAA-ratings but then went belly up amid the mortgage crisis in 2007.
This premium content is reserved for Litigation Daily subscribers.
Continue reading by getting started with a subscription.
Already a subscriber? Log in now