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Credit Ratings Fraud Department of Justice (DOJ)

Orrick, Herrington & Sutcliffe LLP

Orrick's Financial Industry Week In Review - February 11, 2013

In This Issue: *RMBS Litigation - Assured Wins $90 Million in Damages in RMBS Breach of Contract Trial - DOJ Brings Civil Fraud Action Against S&P - S&P Seeks Declaration That Credit Ratings Are Immune...more

Orrick - Finance 20/20

DOJ Brings Civil Fraud Action Against S&P

Orrick - Finance 20/20 on

On February 4, the Department of Justice filed a complaint in the Central District of California against two Standard & Poor’s entities in connection with credit ratings S&P provided for certain RMBS and CDOs....more

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