Only “Number Jesters” report 2Q economic growth at 4% pace

4 factors weighing down housing in the second half of 2014

Will housing collapse?

Altos: Critics wrong about housing, it’s going to soar

2015 will see notable price appreciation
W S
Investments / The Ticker

Moody's, S&P, Fitch face fraud claims in investor lawsuit

/ Print / Reprints /
| Share More
/ Text Size+

(), Standard & Poor’s and Fitch Inc. must face fraud claims in an investor lawsuit over their ratings of a structured investment vehicle called Rhinebridge that collapsed in 2007, a judge ruled.

Morgan Stanley (MS), which helped set up the investment, also lost a bid to dismiss claims of aiding and abetting fraud in a ruling yesterday by U.S. District Judge Shira Scheindlin in Manhattan. Scheindlin narrowed the suit, dismissing other claims.

Source: Bloomberg
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus