Most efforts to hold ratings agencies liable for the financial crisis have failed, but on Thursday two institutional investors got the green light to go to trial with claims that they were misled by the top ratings that Moody's, Standard & Poor's, and Fitch gave to a $1.1 billion structured investment vehicle called Rhinebridge Plc.
Claims Against Ratings Agencies over Failed Investment Vehicle Can Proceed
The Litigation Daily
January 4, 2013
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