U.S. Judge Finds Flaw, Dismisses Lawsuits Against S&P, Moody’s
February 12, 2010
A federal court judge for the Southern District of New York has thrown out investor lawsuits against Standard & Poor’s and Moody’s Investor Service alleging dubious ratings practices involving structured products sold by defunct Lehman Brothers Holdings, Inc.U.S. District Judge Lewis Kaplan let the two ratings agencies off the hook after finding that provisions of the...