The big three ratings agencies get a court win with the upheld dismissal of class-action suits...

|By:, SA News Editor

The big three ratings agencies get a court win with the upheld dismissal of class-action suits that wanted to hold them liable as "underwriters," for their help in structuring deals for particular ratings. Plaintiffs argued S&P (MHP), Moody's (MCO) and Fitch made misstatements and omissions in offering docs for mortgage pass-through certificates.