Source: http://www.law.com/jsp/nlj/PubArticleNLJ.jsp?id=1202611379968&rss=rss_nlj
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Thursday, July 18, 2013
Judge OKs S&P Fraud Suit, Nixing 'Puffery' Defense
A federal judge in California allowed the government's potentially groundbreaking case to move forward, rejecting arguments by Cahill Gordon & Reindel and Keker & Van Nest that the DOJ can't hang its complaint against S&P on corporate statements about the integrity of the company's rating process.
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