Wilbur Ross quits Ocwen Financial

Wilbur Ross quits Ocwen Financial

Distressed asset investor bringing his magic to Bank of Cyprus

Dustin Johnson levels blockbuster claims at title attorneys

Is Nat Hardwick the fall guy?

CFPB proposes 7 big changes to foreclosure process for mortgage servicers

Adds guidance on extended borrower protections
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