Investments The Ticker

DOJ spars with S&P over jurisdiction for ratings litigation

Standard & Poor's is reportedly trying to move 17 state lawsuits accusing the company of misrepresenting 'mortgage bonds ratings' into federal court.

But the Wall Street Journal says the Justice Department, which sued S&P along with state prosecutors over the firm's bond ratings, is pushing back.

This week, the department asked a federal court in Connecticut to keep the cases at the state level.

 

Reprints

Services Guide

Comments powered by Disqus