U.S. Securities and Exchange Commission v. Morningstar Credit Ratings, LLC

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Case Number:

1:21-cv-01359

Court:

New York Southern

Nature of Suit:

Securities/Commodities

Judge:

Ronnie Abrams

Firms

Companies

Government Agencies

Sectors & Industries:

  1. May 02, 2022

    Morningstar Aims To Sunset SEC Ratings Suit In $1.15M Deal

    Morningstar Credit Ratings LLC is close to a settlement with the U.S. Securities and Exchange Commission over the agency's claims it made undisclosed adjustments to ratings for $30 billion worth of commercial mortgage-backed securities transactions, according to a Friday filing.

  2. January 05, 2022

    Morningstar Inc. Unit Gets SEC's CMBS Ratings Suit Trimmed

    A New York federal judge Wednesday trimmed the U.S. Securities and Exchange Commission's enforcement action accusing Morningstar Credit Ratings LLC of making undisclosed "adjustments" to ratings for $30 billion worth of commercial mortgage-backed securities, or CMBS, transactions.

  3. April 20, 2021

    Morningstar Says SEC Oversteps Its Authority In Ratings Suit

    Morningstar Credit Ratings LLC says the U.S. Securities and Exchange Commission is trying to sidestep congressional constraints with its enforcement action over a ratings methodology the agency apparently "does not like."

  4. February 16, 2021

    SEC Sues Morningstar Over 'Adjustments' In CMBS Ratings

    The U.S. Securities and Exchange Commission filed an enforcement action on Tuesday against Morningstar Credit Ratings LLC for allegedly making undisclosed "adjustments" to ratings for $30 billion worth of commercial mortgage-backed securities transactions.