2nd Circ. Denies Class Cert. Appeal In Moody's Suit

Law360, New York (July 21, 2011, 4:37 PM EDT) -- The Second Circuit on Wednesday refused to take up a challenge by a pension fund and two individuals to a New York federal court's order denying class certification in their securities fraud suit against Moody's Investors Service Inc.

A three-judge panel denied the plaintiffs' petition for leave to appeal the district court's March 31 ruling largely without comment, saying only that an immediate appeal was unwarranted.

The plaintiffs, Teamsters Local 282 Pension Trust Fund, Charles W. McCurley Jr. and Lewis Wetstein, had asked the Second Circuit...
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