More on McGraw-Hill (MHP -14.5%): The expected suit follows the breakdown in talks between...
Monday, February 4, 3:46 PM ETMore on McGraw-Hill (MHP -14.5%): The expected suit follows the breakdown in talks between S&P and the DOJ over the rating agency's AAA ratings on 30 CDOs in early 2007. The DOJ had reportedly sought "10 figures plus" and an admission of guilt. S&P: "(We) deeply regret that our CDO ratings failed to fully anticipate the rapidly deteriorating condition in the U.S. mortgage market ... a DOJ lawsuit would be entirely without factual or legal merit." Moody's (MCO -8%).
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