We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

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

Law360 (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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.