Attorneys Weigh In On DOJ's $1.38B Settlement With S&P
Law360, New York (February 3, 2015, 6:41 PM EST) -- Standard & Poor’s Financial Services LLC on Tuesday agreed to pay $1.375 billion to settle lawsuits brought by the U.S. Department of Justice and 20 attorneys general over ratings that helped ignite the financial crisis. Here, attorneys tell Law360 why the settlement is significant.
Ross A. Albert, Morris Manning & Martin LLP
"The significance of this case primarily arises from the size of the fine, which is one of the largest in history. Also the case has significance because it is one of the relatively few cases the government pursued against a major player caught in the mortgage/housing meltdown that wreaked havoc...
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