Source: http://www.law.com/jsp/nlj/PubArticleNLJ.jsp?id=1202601283137&rss=rss_nlj
Thursday, May 23, 2013
Government Attacks Standard & Poor's 'Puffery' Defense
Standard & Poor's Financial Services was aware that ratings it presented as objective and independent in fact were false and misleading and that the values it attached to the securities at issue were inflated, Justice Department lawyers argued this week.
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