Liability Lawsuits Against U.S. Rating Agencies Dismissed - Surety Bond Forums

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05-11-2011, 02:05 PM

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Liability Lawsuits Against U.S. Rating Agencies Dismissed

The three major U.S. credit rating agencies won the dismissal of lawsuits seeking to hold them liable as “underwriters” for helping banks structure securities transactions to achieve desired ratings. The 2nd U.S. Circuit Court of Appeals in New York upheld …

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