Litigation
Jan. 29, 2015
Trial date set for Justice Department's $5 billion case against S&P
Settlement talks are reportedly heating up between S&P's parent company, McGraw Hill Financial Inc., and the U.S. Department of Justice, but lawyers gave little indications of that in court Tuesday.
Daily Journal Staff Writer
SANTA ANA - Lawyers in the government's $5 billion case against Standard & Poor's - brought over its allegedly inflated ratings of sophisticated securities backed by residential mortgages that blew up during the financial crisis - showed no signs of backing down from aggressive litigation Tuesday, despite reports of advancing settlements talks.
While U.S. District Judge David O. Carter bri...
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