*Lawsuits against Moody's corp, Mcgraw Hill Companies Inc. -Morgan Stanley related to cheyne, rhinebridge vehicles. dismissed with prejudice-- court records.
April 25- A federal judge handed a legal defeat to Standard& Poor's, ruling that a lawsuit in which Connecticut accused it of fraudulently inflating credit ratings to win business should be moved back to the state court where it began.
April 25- A federal judge handed a legal defeat to Standard& Poor's, ruling that a lawsuit in which Connecticut accused it of fraudulently inflating credit ratings to win business should be moved back to the state court where it began.
*Jefferies cuts to hold from buy. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
April 25- Standard& Poor's suffered a legal defeat late on Wednesday when a Connecticut federal judge said that state's lawsuit accusing the credit rating agency of inflating its ratings to win business belongs in state court, not federal court.
April 25- Standard& Poor's suffered a legal defeat late on Wednesday when a Connecticut federal judge said that state's lawsuit accusing the credit rating agency of inflating its ratings to win business belongs in state court, not federal court.
-Standard& Poor's asked a federal judge on Monday to dismiss a U.S. Justice Department civil suit against the rating agency, arguing the government's case is based on vague statements that cannot be used to prove fraud.
IMF Australia Ltd, a company that funds large class-action lawsuits, said the group of 90 councils, churches and charities had lost more than A $200 million after investing in high-risk financial products known as collateralised debt obligations.
Connecticut Attorney General George Jepsen is leading a coalition of attorneys general that brought state cases against the McGraw Hill Cos Inc unit in February. Those cases were announced the same day that the Justice Department said it was seeking $5 billion in its own civil lawsuit against S&P.
WASHINGTON, March 29- The U.S. Department of Justice opposed Standard& Poor's efforts to move a spate of lawsuits charging the ratings agency with fraud to federal from state courts. But the Department of Justice, in a filing in the U.S. District Court for the District of Connecticut on Friday, said there was no basis in law to move the cases to the higher-level.
LONDON, March 15- Oil pricing agency Platts on Friday announced changes to the way it assesses the Brent oil market, in a bid to bolster the credibility of the benchmark used to set oil prices globally.
NEW YORK, March 11- In early 2007, as signs of distress began appearing in securities backed by residential mortgages, executives at Standard& Poor's began advising analysts responsible for rating mortgage bonds that they should put the phrase "privileged and confidential" on emails to one another.
NEW YORK, Feb 20- David Einhorn, hedge fund manager and chairman of reinsurer Greenlight Capital Re Ltd, said Wednesday that the U.S. government's lawsuit against Standard& Poor's has made rating agencies vulnerable.
McGraw-Hill Cos Inc said S&P has a record of successfully defending itself against suits like the one by the U.S. Department of Justice that accuses it of duping investors by presenting its ratings as objective.
McGraw-Hill Cos Inc said S&P has a record of successfully defending itself against suits like the one by the U.S. Department of Justice that accuses it of duping investors by presenting its ratings as objective.