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Judges Back S&P Request To Bundle Lawsuits

Standards & Poor's Ratings Service should have 15 lawsuits, filed against them over allegedly misleading rating before the financial crisis, merged into one, said a panel of judges. The combination of the lawsuits is considered a legal win for Standard & Poor's, owned by McGraw-Hill Financial Inc . "We are pleased that this panel of federal judges agreed with us and granted our motion to consolidate these 15 cases before one federal court in the Southern District of New York. In doing so, the Court concluded that the "centralization" of the actions "will serve the convenience of the parties and witnesses and promote the just and efficient conduct of the litigation," said the firm in a statement. The world's largest ratings agency has been pushing to put the lawsuits together, filed by more than a dozen attorneys general, to avoid multiple legal battles across the country. The firm is also being sued by the Justice Department for allegedly compromising on its ratings to gain business. M...

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  6. S&P Cuts Berkshire Hathaway Rating to 'AA'

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  10. Eni Questioned in EU Price-Fixing Probe

    Eni SpA (E), Italy's biggest energy company by market value, Tuesday said it had received a request for information from the European Commission as part of a price-i...

  11. Eni Says European Commission Has Asked for Information

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  12. Three Oil Companies Raided in EU Price-fixing Probe

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  1. Don't Go to Work Without Your Passion

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  5. U.S. asks judge to deny S&P's motion to dismiss fraud lawsuit

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  7. Justice Department Seeks Case Against S&P

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