Feds To Depose 9 S&P Employees In $5B Fraud Action

Law360, New York (January 16, 2014, 1:17 PM EST) -- The U.S. government plans to depose as many as nine current and former Standard & Poor's employees in a $5 billion fraud suit alleging the company intentionally gave false ratings to mortgage bonds before the 2008 financial crisis, according to a Wednesday court filing.

The U.S. Department of Justice and S&P said they had scheduled six depositions of current S&P employees between Jan. 30 and Feb. 17. The parties are attempting to schedule three more depositions — of one current S&P employee and two former employees...
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.