Court Denies Class Cert. In Moody's Securities Suit
Judge George B. Daniels of the U.S. District Court for the Southern District of New York said the plaintiffs, led by a pension fund and two individuals, had failed to tie any misrepresentations concerning Moody’s so-called issuer-pays model to spikes in its stock price.
“There is no period within the proposed class period where the...
To view the full article, register now.