Litigation

Recent Posts

Standard & Poor's Sued Over Inflated Ratings On Structured Debt Securities
Posted on 5 Feb 2013 by Timothy Raub

LOS ANGELES - (Mealey's) The U.S. government on Feb. 5 announced the filing of a lawsuit in California federal court against Standard & Poor's Ratings Services alleging that the ratings agency lied about its objectivity and independence and... Read More

Tags: Poor's Ratings Services , collateralized debt obligation , RMBS , United States of America v. McGraw-Hill Companies Inc. , FIRREA , financial services , P , CDO , Recovery and Enforcement Act , Litigation , Financial Institution Reform , Residential Mortgage-Backed Securities , Standard &amp , Poor's Financial Services , McGraw-Hill Cos. , structured debt securities , S&amp , Securities

Citigroup To Pay $285 Million To Settle SEC Claims Regarding CDO
Posted on 19 Oct 2011 by Timothy Raub

WASHINGTON, D.C. - (Mealey's) Citigroup Global Markets Inc. has agreed to pay $285 million to settle claims that it misled investors about a collateralized debt obligation (CDO) "that was tied to the U.S. housing market in which Citigroup bet... Read More

Tags: collateralized debt obligation , Samir H. Bhatt , Securities and Exchange Commission , CDO , CSAC , SEC , Credit Suisse Asset Management , Litigation , U.S. housing market , Brian Stoker , Citigroup Global Markets Inc. , Credit Suisse Alternative Capital