Standard & Poor's and The McGraw-Hill Companies, Inc. (collectively S&P)

S&P represents to investors and others in the market that its credit ratings analysis was independent and objective, when allegedly its rating analysis was influenced by its desire for increased revenue and market share. These misrepresentations concern the structured finance securities that S&P rates, including residential mortgage backed securities (RMBS) and collateralized debt obligations (CDO). The State's Complaint alleges that S&P's deceptive and misleading conduct played a role in the financial crisis that began in 2007.

Press Release

• Tennessee Sues Standard & Poor's (#13-04, February 5, 2013)

State Court Filings

• Complaint for Permanent Injunctive and Other Relief (February 5, 2013)

Federal Court Filings

• Defendant's Motion to Dismiss on Younger Abstention Grounds (February 15, 2013)
• Defendant's Memorandum of Law in Support of Motion to Dismiss on Younger Abstention Grounds (February 15, 2013)

 

This list includes only significant filings and is not intended to be a complete record of the matter.