Government’s Case Against S&P: Ratings Stopped Making Sense February 6, 2013 By Jonathan Stempel Barely two weeks after the big subprime lender New Century Financial Corp. went bankrupt, a top Standard & Poor’s executive...
U.S. Hits S&P with $5 Billion Fraud Lawsuit Over Mortgage Securities Ratings February 5, 2013 By Aruna Viswanatha The U.S. government is seeking $5 billion in its civil lawsuit against Standard & Poor’s, accusing the ratings service of...
S&P Expects Government Lawsuit Over Its Pre-Crisis Credit Ratings February 4, 2013 By Aruna Viswanatha and Jonathan Stempel Standard & Poor’s said it expects to be the target of a U.S. Department of Justice civil lawsuit over its...