2nd Circ. Won't Revive RMBS Fraud Suit Against S&P
By Stewart Bishop ( September 8, 2014, 4:51 PM EDT) -- The Second Circuit on Monday declined to revive a shareholder class action against the McGraw-Hill Cos. Inc. that claimed its Standard & Poor's Financial Services LLC division intentionally misstated the accuracy of credit ratings for toxic residential mortgage-backed securities, finding that newly uncovered evidence wouldn't have made a difference....
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