S&P Credit Ratings Are Protected Speech, Suit Says

Law360, New York (February 06, 2013, 10:17 PM ET) -- Standard & Poor's Financial Services launched a preemptive legal strike against South Carolina on Tuesday, asking a judge to declare that the state cannot sue it for allegedly inflating its ratings of mortgage-backed securities because its credit-rating activities are protected speech.

S&P filed a complaint for declaratory relief on the same day the U.S. Department of Justice and 13 states sued it in separate cases related to the MBS meltdown in 2007. According to the DOJ and similar state complaints, the rating agency knowingly overlooked the...
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Case Title

The McGraw-Hill Companies, Inc. et al v. Cooper


Case Number

3:13-cv-00089

Court

Tennessee Middle

Nature of Suit

Constitutional - State Statute

Judge

Kevin H. Sharp

Date Filed

February 4, 2013


Case Title

McGraw-Hill Companies, Inc., The et al v. Wilson


Case Number

3:13-cv-00322

Court

South Carolina

Nature of Suit

Constitutional - State Statute

Judge

Cameron McGowan Currie

Date Filed

February 5, 2013

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