The Newswire for Business Lawyers

Bank's Contract Claims Against Ratings Cos. Get Boot

Law360, New York (October 15, 2009) -- A federal judge on Thursday dismissed with prejudice breach of contract and tortious interference claims in a putative class action accusing Morgan Stanley & Co. Inc., Moody's Investors Service Inc. and Standard & Poor's Rating Services of deceiving investors by disseminating false information about a big-dollar investment.

According to U.S. District Judge Shira A. Scheindlin of the Southern District of New York's ruling, plaintiffs Abu Dhabi Commercial Bank and King County, Wash., among others, filed a second...

Login

E-mail
Password
 
  I forgot my login details.

For the whole story, take a 7-day free trial.

Submit your request to try Law360 for free for seven days:

*
*
*
*
*
*
*
*

*Required

Select at least one interest area:*
You will receive Law360's free daily newsletter for the interest area(s) selected..

Appellate
Bankruptcy
Competition
Contract
Corporate Finance
Employment
Energy
Environmental
Financial Services
Health
Insurance
Intellectual Property
International Trade
Product Liability
Securities
Technology
Top News (General Interest)

The only daily news service covering every major practice area of the law.
  • Breaking news available nowhere else
  • More than 66% of articles published before or simultaneously with any other source
  • 44% of articles have critical legal documents attached
  • More than 1,000 columns by leading practitioners published per year
  • More than 20,000 exclusive articles published per year
  • Detailed coverage of 16 major practice areas