Friday, June 9, 2017

Moody’s Slams Bid To Revive Securities Ratings FCA Suit

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Moody’s Corp. ripped a whistleblower effort to resurrect a False Claims Act lawsuit alleging it gamed ratings to preserve business in the lead-up to the 2008 financial crisis, arguing to a New York federal court on Wednesday that a new “fraudulent inducement” theory failed reconsideration requirements and lacked merit.

June 09, 2017 at 05:27AM

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