Investors Ask 2nd Circ. To Revive Moody's, S&P Claims

Law360, New York (January 11, 2011, 5:04 PM EST) -- Lawyers for investors burned by mortgage-backed securities told the Second Circuit on Tuesday that they should be able to sue Moody's Investors Service Inc. and Standard & Poor's Financial Services LLC over the losses because the agencies helped engineer the securities.

The attorneys, Lester L. Levy of Wolf Popper LLP and Joel P. Laitman of Cohen Milstein Sellers & Toll PLLC, argued to a panel of the U.S. Court of Appeals for the Second Circuit that the investors should be allowed to proceed with claims despite...
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