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Join the Securities Litigation and Enforcement Group on LinkedInJudge OKs S&P Fraud Suit, Nixing ‘Puffery’ Defense — The Litigation Daily
The news just keeps getting worse for Standard & Poor’s Financial Services. Setting in stone a tentative decision reached last week, a federal judge in Santa Ana, Calif. refused late Tuesday to toss a Justice Department lawsuit accusing S&P of duping investors with inflated credit ratings for financial products backed by subprime securities. U.S. District […]