U.S. District Judge David Carter yesterday ruled that the federal government can press ahead...
U.S. District Judge David Carter yesterday ruled that the federal government can press ahead with its $5B civil fraud lawsuit against S&P for allegedly misleading investors with its credit ratings. The government has accused the McGraw Hill (MHFI) unit of inflating its ratings so it could win more fees from the customers that pay for them. It's all "puffery," says S&P.
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