US Hits S&P with $5 Billion Fraud Lawsuit Over Mortgage Securities Ratings

admin —  February 7, 2013 — Leave a comment

The U.S. government is seeking $5 billion in its civil lawsuit against Standard & Poor’s, accusing the ratings service of defrauding investors, in one of the most ambitious cases yet from the Justice Department over conduct tied to the financial crisis …

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Source: Insurance Journal

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