S&P Bids To Shift Rating Suits To Federal Court

06 Mar 2013

Standard & Poor’s has begun its bid to move 16 lawsuits over its ratings of mortgage-backed securities from state court to federal court, where regulatory and constitutional issues could be addressed at once.

Standard & Poor’s has begun its bid to move 16 lawsuits over its ratings of mortgage-backed securities from state court to federal court, where regulatory and constitutional issues could be addressed at once. S&P says the lawsuits, currently in 15 states and Washington, D.C., would result in a ...

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