In the wake of the financial crisis, Moody's, Fitch, and S&P have managed to handily defeat nearly all investor claims over AAA rated securities-gone-bad. But it's a different story if investors have evidence that the ratings agencies collaborated with banks to create risky financial products and tailored their ratings to seduce investors.
Scheindlin Trims Suit over Toxic SIV, but Rating Agencies Still on the Hook
The Litigation Daily
May 7, 2012
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