California is suing Moody's (MCO -5.1%) to force it to explain ratings during the crisis: "The...

|About: Moody's Corporation (MCO)|By:, SA News Editor
California is suing Moody's (MCO -5.1%) to force it to explain ratings during the crisis: "The state's subpoena seeks information regarding Moody's decision to give its highest credit ratings to securities backed by risky and toxic mortgage-backed securities," AG Jerry Brown says.