Standard & Poor's agrees to pay 1.5bn dollars to solve lawsuits from the 2008 financial crisis

Wednesday, February 4th 2015 - 08:21 UTC

Full article 1 comment

Credit ratings firm Standard & Poor's will pay 1.5 billion dollars to resolve a series of lawsuits over its ratings on mortgage securities that soured in the run-up to the 2008 financial crisis, the company announced on Tuesday. The settlement comes after more than two years of litigation as S&P fought allegations it issued overly rosy ratings in order to win more business. Read full article

Comments

Disclaimer & comment rules

Hepatia
They got off very lightly. The federal gov. should have thrown the book at these criminals.
Feb 05th, 2015 - 03:39 am - Link - Report abuse 0
-+

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!