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.

Leave a comment

No tags available

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
terry.mulreany@monitordaily.com
Susie Angelucci
Advertising: 484.459.3016
susie.angelucci@monitordaily.com

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com