WSJ: S&P Seeks to Merge State Suits Into One

The Wall Street Journal reported Standard & Poor’s wants to pull 17 lawsuits against the ratings service by state attorneys general into a single lawsuit in federal court.

WSJ said that in recent court filings from Connecticut to Colorado, lawyers for S&P contend that the 17 state-court suits should be removed from those courts because rating firms are regulated under U.S. securities laws.

To read the full WSJ article click here.

To read the DOJ’s February 5 news release regarding the federal suit against S&P click here.

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