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Standard & Poor's

Feb 3, 2015

Missouri wins $21.5M settlement from S&P for ratings

Missouri will receive a substantial share of $1.38 billion Standard & Poor's is paying to settle U.S. allegations that it knowingly inflated its ratings of risky mortgage investments that helped trigger the financial crisis.

Aug 27, 2014

S&P demand for White House communications opposed by U.S.

Standard & Poor’s isn’t entitled to the Justice Department’s communications with the White House to bolster its defense that a U.S. fraud lawsuit was retaliation for S&P’s downgrade of the nation’s debt, the government said.

Aug 14, 2014

S&P accuses U.S. of withholding documents

The U.S. is withholding documents that might show the government sued Standard & Poor’s in retaliation for downgrading the country’s debt, the ratings company said, asking a court to compel the records’ production.

Mar 13, 2014

Judge: S&P may be allowed to seek Geithner information

McGraw Hill Financial Inc.’s Standard & Poor’s unit may be allowed to seek information from former U.S. Treasury Secretary Timothy Geithner related to what the company said was a “threatening” call he made to Harold W. McGraw III after S&P’s downgrade of U.S. debt in 2011.

Mar 5, 2014

Geithner asks judge to quash subpoena in S&P litigation

Former U.S. Treasury Secretary Timothy Geithner asked a judge to quash a subpoena by McGraw Hill Financial Inc. and its Standard & Poor’s unit seeking information tied to their claim that the U.S. sued the companies in retaliation for a downgrade of government debt.

Feb 26, 2014

S&P cites Obama meeting in fraud case records demand

The government seeks as much as $5 billion in civil penalties for losses to federally insured banks and credit unions that relied on the S&P’s claims.

Dec 16, 2013

S&P tells judge trial on 163 securities is unfair

McGraw Hill Financial Inc.’s Standard & Poor’s said it would be unfair to let the U.S. Justice Department put more than 150 selected securities before a jury to argue the firm’s ratings were the result of fraud.

Dec 4, 2013

S&P says U.S. fraud case too broad for trial

McGraw Hill Financial Inc.’s Standard & Poor’s unit said the U.S. government has broadened the securities covered in its fraud lawsuit against the ratings company so that the case would be unmanageable at trial.

Oct 10, 2013

Standard & Poor’s sued by New Jersey over securities ratings

Standard & Poor’s Financial Services LLC and its parent, McGraw Hill Financial Inc., were accused in a lawsuit by New Jersey of failing to give objective ratings to mortgage-backed securities.

Oct 5, 2013

S&P ratings cases belong in states’ courts, their lawyers argue

S&P and its parent company, McGraw Hill Financial Inc., were sued by the U.S. and a group of states, including Missouri, over ratings on mortgage-backed securities during the housing boom.

Aug 20, 2013

S&P to fight for evidence lawsuit was politically motivated

Standard & Poor’s is trying to show it was unfairly singled out in a $5 billion fraud lawsuit 18 months after it downgraded U.S. sovereign debt.

Jun 10, 2013

S&P ratings suits consolidated in N.Y. over state objections

Missouri is one of 14 states which filed a lawsuit accusing McGraw Hill Financial Inc. and its Standard & Poor's unit of inflating mortgage-backed securities ratings.

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