Appeals Court Dismisses Moody's Suit

Law360, New York (August 24, 2007, 12:00 AM EDT) -- An appeals court agreed with a district court that Moody's Investors Services, Inc. did not defame Compuware Corp. when it lowered its stock value because of copyright suit with IBM.

In the decision Thursday, the three-judge panel of the U.S. Court of Appeals for the Sixth Circuit decided 2-1 that Compuware failed to establish actual malice, which it said was required in the case. Judge John Rogers concurred in part and dissented in part.

The case dates back to late 1999 when Compuware asked Moody's to...
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