Southern District Judge Shira Scheindlin ruled that two institutional investors can go to trial with fraud claims against Moody's Corp., Fitch Ratings Inc. and Standard & Poor's Financial Services LLC, which all gave Rhinebridge, a $1.1 billion structured investment vehicle, their top rating before its 2007 collapse.
Investors Get Green Light to Pursue Some Claims Against Ratings Agencies
January 9, 2013
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