LexisNexis® Legal Newsroom
Directors Beware! Next Crisis is Upon Us

Don't look now public company directors, but the next financial crisis may be upon us and it looks a lot like the 2008 crisis that was borne out of the housing bubble. Apparently, the underlying cause of the collapse of the mortgage-backed securities (MBS) and collateralized debt obligations (CDO...

A Closer Look at the DoJ's Complaint against McGraw-Hill and S&P

By now you will have heard that the U.S. Department of Justice has filed a securities class action lawsuit against S&P and its corporate parent, McGraw-Hill, about the rating agency's ratings of collateralized debt obligations as the subprime meltdown unfolded. A copy of the DoJ's complaint...