Deal Averts Trial for Moody's, S&P in Suits over SIV Ratings

Nearly four years after a federal judge in Manhattan rejected their usually reliable First Amendment defense, Moody's Investors Service and Standard & Poor's on Friday settled separate lawsuits accusing them of misleading investors in a pair of ill-fated structured investment vehicles backed by subprime mortgage debt.

Source: http://www.law.com/jsp/law/sign_me_in.jsp?article=http://www.americanlawyer.com/digestTAL.jsp?id=1202597987668&rss=newswire

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