United States of America v. Moody's Corp
Case Number:
1:12-cv-01399
Court:
Nature of Suit:
Judge:
Firms
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March 13, 2018
Moody's Dodges Bid To Revive Securities Ratings FCA Suit
A New York federal judge on Tuesday dismissed the third amended complaint brought against Moody's Corp. by a whistleblower alleging it violated the False Claims Act when it gamed ratings to preserve business in the lead-up to the 2008 financial crisis.
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June 08, 2017
Moody's Slams Bid To Revive Securities Ratings FCA Suit
Moody’s Corp. ripped a whistleblower effort to resurrect a False Claims Act lawsuit alleging it gamed ratings to preserve business in the lead-up to the 2008 financial crisis, arguing to a New York federal court on Wednesday that a new “fraudulent inducement” theory failed reconsideration requirements and lacked merit.
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May 08, 2017
US Says There Are Grounds To Revive Moody's FCA Suit
The U.S. government on Monday said there were grounds to rehear a False Claims Act case against Moody's Corp. over allegations that it gamed ratings on mortgage-backed securities, arguing that "fraudulent inducement" is a reasonable theory for such cases to proceed.
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March 02, 2017
Moody's Defeats FCA Suit Over Crisis-Era Ratings
A New York federal judge on Thursday permanently dismissed a suit brought by a former Moody's Corp. managing director who says the credit rating powerhouse gamed its ratings of troubled mortgage-backed securities, calling the False Claims Act case a "fishing expedition" that isn't backed by specific facts.
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November 15, 2016
Moody's MBS False Claims Suit Can't Be Fixed, Judge Told
Moody's Corp. urged a New York federal judge to permanently toss a lawsuit alleging the company manipulated its ratings of troubled mortgage-backed securities on its way to making false claims to the U.S., saying Tuesday that the complaint cannot be fixed by amendments.
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August 18, 2016
Moody's Says Whistleblower's Suit Alleges No False Claims
Moody's Corp. asked a New York federal judge on Thursday to toss the sole remaining claim in a suit alleging the credit rating powerhouse gamed its ratings of troubled mortgage securities, saying that a second amended complaint fails to show that Moody's made false claims to the government.
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February 04, 2016
Moody's Dodges Whistleblower Suit Over Crisis-Era Ratings
A New York federal judge on Thursday tossed a whistleblower lawsuit from a former Moody's Corp. managing director who claimed the credit rating powerhouse gamed its ratings of troubled mortgage securities, saying there's been no showing that Moody's caused false claims to be made to the government.
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November 06, 2015
Moody's Defends Crisis-Era Ratings In Whistleblower Case
An attorney for Moody's pressed a New York federal judge on Friday to dismiss False Claims Act allegations by a whistleblower that it gave inflated ratings to toxic mortgage-backed securities during the 2008 financial crisis, saying there was no evidence the company knew the ratings were inaccurate.
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August 22, 2014
Moody's Cost US Billions, Says Ex-Analyst's FCA Suit
A former Moody's Corp. analyst accused the credit rating firm of giving false ratings to toxic mortgage-backed securities in the lead-up to the 2008 financial crisis, costing the government billions of dollars, in a massive False Claims Act complaint unsealed Friday after the government declined to intervene.