Tag Archives: McGraw Hill Financial

The U.S. Supreme Court recently decided to deny revival of a suit involving allegedly false statements made about toxic residential mortgage-backed securities by Standard & Poor’s rating agency.

The Department of Justice sued S&P in February 2013, alleging that the credit ratings agency "knowingly and with the intent to defraud, devised, participated in, and executed a scheme to defraud investors" in collateralized debt obligations and residential mortgage-backed securities between 2004 and 2007.