The Justice Department's $5B lawsuit against S&P (MHP) over its mortgage-bond ratings may be...

|By:, SA News Editor

The Justice Department's $5B lawsuit against S&P (MHP) over its mortgage-bond ratings may be weakened by inconsistency between the DOJ and the SEC. For example, the latter blamed the failure of AAA-rated Delphinus CDO 2007-1 on Mizuho Financial, and said the Japanese bank gave faulty information to S&P. Mizuho paid $127.5M to settle a lawsuit. The DOJ, though, puts blame on S&P.